PricewaterhouseCoopers had been drafted in at the end of last year to undertake a strategic review which concluded in the outright sale of the lender.
Money Partners' CEO, Colin Sanders, said that the sale represented a "satisfactory outcome" to the firm's review, adding: “Looking ahead, we believe the market will be challenging in the short-term as the effects of the global credit crunch continue to be felt. But we remain optimistic about its prospects over the longer term.”
