News and Press

Date:	03/11/2009
Title:	Fenchurch advises Barclays on the acquisition of Standard Life Bank
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Fenchurch advises Barclays on the acquisition of Standard Life Bank

For Immediate Release

Fenchurch Advisory Partners is pleased to announce that it is advising Barclays on its £226 million acquisition of Standard Life Bank plc, which principally comprises a mortgage portfolio of £8.8 billion and customer deposits of £5.5 billion.

This is the fourth significant transaction in the last five months where Fenchurch has been sole or joint financial adviser. The transactions and Fenchurch’s roles are:

Advising Barclays on the £226 million acquisition of Standard Life Bank (October 2009);

Advising Langholm Capital on the sale of its majority shareholding in Just Retirement, in a takeover valuing the company at £230 million (September 2009);

Advising Insight’s senior management on BNY Mellon’s £235 million acquisition of the business from Lloyds Banking Group (August 2009); and

Advising Sun Life Financial on the £195 million acquisition of Lincoln National’s UK business, the latest closed life book transaction in the UK (June 2009).