This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+Cover+small+181214
Categories:Equity Release

Key Retirement Solutions in takeover talks

  • Print
  • Comment

Key Retirement Solutions is in takeover talks with private equity firms as part of a review of its funding.

Money Marketing understands that the equity release specialist is likely to enter into exclusive talks with a private equity house in the coming weeks.

KRS is backed by private equity firm Cabot Square, which took a 60 per cent stake in the firm in May 2006. It replaced Anglo Irish Bank which previously held a 51 per cent stake.

KRS group director Dean Mirfin (pictured) says the firm conducts an annual review of its financing.

He says: “There are ongoing conversations about potential financing and refinancing of the things we do. We are currently looking at how Key Retirement Solutions is financed. Cabot Square has had a controlling share for five years. We are looking at whether we will continue with the same structure. No decision has been taken.”

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Money Marketing Awards 2015
Put your firm forward as the leading practitioner in your field. Adviser and Advertising categories are open to entries - Enter Now.

Have your sayEdit my profile/screen name

You must sign in to make a comment

AXA Wealth

Is there a growing need for financial advice


Fund Data

Editor's Pick



Poll

Will providers be forced to pay out compensation over annuity misselling?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments