Report: Blackstone and TPG teaming to bid for U.K. mortgage lender

|About: The Blackstone Group L.P. (BX)|By:, SA News Editor

Kensington is currently owned by Anglo-South African banking group Investec, which bought it in 2007 for £283M just ahead of the housing crisis.

Blackstone (BX +3.3%) and TPG are said to be competing with Lonestar and Goldman Sachs, among others, for the business, reports Sky News.

The deadline for bids is the end of the month.