The portfolio was made up of assets covering the full range of sub-prime lending and is the second transaction between Amber and Redstone, taking the total value to almost £250 million.
Amber were advised in the transaction by Pinsents (Leeds Office). The financing for Redstone was structured and arranged by Bayerische Hypo- und Vereinsbank AG, London Branch with the legal advice of Sidley Austin Brown and Wood (London Office).
Gordon Jolly, Managing Director of Amber, said, “We are delighted to once again partner Redstone in a portfolio transaction and have very much enjoyed working with them. The relationship is strong and we look forward to partnering them in future sales."
