Key Retirement Solutions denies takeover talks
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Key Retirement Solutions says it is not in takeover talks but is looking at its funding options.
According to reports, the equity release specialist is looking 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% stake in the firm in May 2006. It replaced Anglo Irish Bank which previously held a 51% stake.
But Dean Mirfin, group director of the firm, says it conducts an annual review of its financing on an annual basis where it looks at its funding model.
He says: “Nobody is taking us over. We go through a process every year where we plan our funding for the next three to four years. There are ongoing conversations about potential financing and refinancing of the things we do, but we have a good relationship with Cabot Square.”
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