Crescent Provides Unitranche Financing to Support LDC’s Buyout of Texecom

Crescent Capital Group, an alternative credit investment firm, provided unitranche financing and an equity co-investment to support the management buyout of Texecom, which was supported by LDC, the UK-based private equity arm of Lloyds Banking Group.

August 10, 2021 Christine Vanden Beukel | Crescent Capital Group | LDC | Lloyds Banking Group | Texecom Ian Koplin

13 Banks to Lose Millions After Carillion Collapse

Reuters reported that British lenders, including Barclays, the Royal Bank of Scotland and Lloyds Banking Group, may lose hundreds of millions of pounds in outstanding loans following the collapse of UK-based Carillion, a facilities management and construction company.

January 16, 2018 Barclays | Carillion | Lloyds Banking Group | Royal Bank of Scotland Amanda Koprowski

RBS, Lloyds Arrange $61.2MM Pantheon Facility Upsize

Pantheon International agreed an additional multi-currency revolving credit facility agreement of £50 million ($61.2 million), arranged by the Royal Bank of Scotland and Lloyds Banking Group.

October 24, 2016 Lloyds Banking Group | Pantheon International | Royal Bank of Scotland Rita Garwood

Westpac Acquires $8.4 Billion of Lloyds Assets

Westpac announced it has entered into an agreement to acquire Lloyds Banking Group’s Australian asset finance business and its corporate loan portfolio encompassing $8.4 billion of assets.

October 14, 2013 CFAL | Lloyds Banking Group | Westpac ABF Journal

UK Banks Cut 189,000 with Employment at Nine-Year Low

Bloomberg reported that Britain’s four biggest banks will have eliminated about 189,000 jobs by the end of this year from their peak staffing levels in 2008, bringing employment to a nine-year low.

May 28, 2013 Bloomberg | Lloyds Banking Group | Royal Bank of Scotland ABFJ News

UK Banks Need to Step Up Pace of Asset Sales

The Wall Street Journal reported the Bank of England warned UK banks they must come up with $38 billion fresh capital, putting pressure on RBS and Lloyds to step up the pace of asset sales.

March 28, 2013 Bank of England | Lloyds | Lloyds Banking Group | Royal Bank of Scotland | The Journal ABFJ News