Key Retirement Solutions in takeover talks
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.”