Announced
Completed
Financials
Sources
Tags
Private Equity
Completed
Minority
Domestic
Banks
property and business lending
United Kingdom
Acquisition
Friendly
Private
Single Bidder
Synopsis
Toscafund Asset Management, a London based investment firm, completed the acquisition of a minority stake in Oaknorth Bank, a UK bank for small and medium-sized companies, from Indiabulls Housing Finance, an Indian conglomerate, for $85m. The sale proceeds will be accretive to the regulatory net worth and the capital-to-risk weighted assets ratio of Indiabulls Housing Finance.
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