Lloyds has selected Coller Capital as the preferred bidder for its integrated finance portfolio of assets, which includes stakes in social housing firms Keepmoat and Apollo
It is understood Coller’s preferred bidder status was confirmed before Easter and a deal will be signed in six to eight weeks. A source close to the process said Coller had been chosen ahead of 3i because of its experience with secondary buyout portfolios. A pricetag of £500m has been reported for the portfolio, in which Lloyds will retain a 40% stake.
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