Windsor Drake Market Intelligence
Transaction · BaaS · 2021

Starling Bank / Kensington Mortgages Mortgage Book 2021

Starling Bank acquired Kensington Mortgages on November 14, 2021.

Target
Kensington Mortgages
Acquirer
Starling Bank
Announced
November 14, 2021
Sub-sector
BaaS

Transaction overview

  • Starling Bank announced the acquisition of Kensington Mortgages on November 14, 2021.

Strategic rationale

Starling expands mortgage portfolio to compete with incumbent UK banks, targeting self-employed and overlooked borrowers.

Deal terms & multiples

Deal value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
November 14, 2021
Acquirer
Starling Bank (Strategic)
Sub-sector
BaaS

Sources

  • crowdfundinsider.com /2021/11/182953-uk-based-digital-bank-starling-acquires-1b-mortgage-loan-book-from-kensington-mortgages/

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