January 7, 2015 / 10:00 AM / in 4 years

BRIEF-Blackstone, TSSP to buy Acenden Mortgage from Lehman Brothers' administrators

Jan 7 (Reuters) - Blackstone Group LP :

* Funds managed by Blackstone Tactical Opportunities and TPG Special Situations Partners to acquire Acenden Mortgage from administrators of Lehman Brothers

* Transaction is expected to close in early 2015, subject to customary regulatory and antitrust approvals

* Acenden has more than 64,000 loans under management, with a value of about 5.4 bln stg (at December 2013) Further company coverage:

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