‘Hound of Hades’ private equity firm pursues Aldermore

cityam

Sep 17

Aldermore has been put up for sale by Firstrand. Private equity firm Cerberus has teamed up with Warburg Pincus on a joint bid for alternative lender Aldermore, City AM can reveal, in a sale process ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/news/2668968249"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2668968249\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2668968249?lang=en_US&edition=fundamental","thumbnail":"https://www.cityam.com/wp-content/uploads/2026/09/Aldermore-1200x800-1.jpeg?w=824&h=463&crop=1","is_english":true,"pubTime":"2026-09-17 17:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2668968249","market":"fut","top_or_hot":-1,"title":"‘Hound of Hades’ private equity firm pursues Aldermore","media":"cityam","content":"<div>\n<p>Aldermore has been put up for sale by Firstrand.  Private equity firm Cerberus has teamed up with Warburg Pincus on a joint bid for alternative lender Aldermore, City AM can reveal, in a sale process ...</p>\n\n<a href=\"https://www.cityam.com/hound-of-hades-private-equity-firm-pursues-aldermore/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Hound of Hades’ private equity firm pursues Aldermore</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Hound of Hades’ private equity firm pursues Aldermore\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-09-17 17:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/hound-of-hades-private-equity-firm-pursues-aldermore/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aldermore has been put up for sale by Firstrand.  Private equity firm Cerberus has teamed up with Warburg Pincus on a joint bid for alternative lender Aldermore, City AM can reveal, in a sale process ...</p>\n\n<a href=\"https://www.cityam.com/hound-of-hades-private-equity-firm-pursues-aldermore/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LRCY","symbol_name":"IncomeShares Lam Research LRCX Options ETP","start_time":0,"source_url":"https://www.cityam.com/hound-of-hades-private-equity-firm-pursues-aldermore/","article_id":"2668968249","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2026/09/Aldermore-1200x800-1.jpeg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/hound-of-hades-private-equity-firm-pursues-aldermore/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2668968249","pubTimestamp":1789636899,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Aldermore has been put up for sale by Firstrand.  Private equity firm Cerberus has teamed up with Warburg Pincus on a joint bid for alternative lender Aldermore, City AM can reveal, in a sale process that could value the company at more than 1.4bn.The US private equity firm, named after the Hound of Hades, a three-headed dog that guards the gates of the underworld in Greek mythology, has tabled a joint bid for the bank as part of a formal sale process, sources told City AM.Aldermore’s owner, the South African financial services group Firstrand, put the company up for sale earlier this year after it was dragged into the motor finance misselling scandal via its motor lending division Motonovo. City AM understands an initial deadline for bids was set for Tuesday.Firstrand cut its earnings forecasts earlier this year, blaming a “deeply flawed” and costly motor finance redress scheme, which has sent shockwaves through the UK banking sector.While the scheme is being challenged in the English","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LRCY":"IncomeShares Lam Research LRCX Options ETP","PEVC":"PACER PE/VC ETF","AAUM":"Tema Alternative Asset Managers ETF","RSBA":"Return Stacked Bonds & Merger Arbitrage ETF","REDS":"RPM Republican Senate ETF"},"translate_title":"《哈迪斯猎犬》私募股权公司追求奥尔德莫尔","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PEVC":1.5,"RSBA":1.5,"LRCY":1.5,"REDS":1.5,"AAUM":1.5},"content_text":"Aldermore has been put up for sale by Firstrand.  Private equity firm Cerberus has teamed up with Warburg Pincus on a joint bid for alternative lender Aldermore, City AM can reveal, in a sale process that could value the company at more than £1.4bn.The US private equity firm, named after the Hound of Hades, a three-headed dog that guards the gates of the underworld in Greek mythology, has tabled a joint bid for the bank as part of a formal sale process, sources told City AM.Aldermore’s owner, the South African financial services group Firstrand, put the company up for sale earlier this year after it was dragged into the motor finance misselling scandal via its motor lending division Motonovo. City AM understands an initial deadline for bids was set for Tuesday. \n\nCity AM also recently revealed that Investec and Nationwide are among the suitors for Aldermore.The interest from Aldermore’s rivals comes amid a wave of consolidation in Britain’s mid-market banking sector. Nationwide previously snapped up Virgin Money for £2.9bn in 2024 and Santander acquired TSB in 2025.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nLloyds is also understood to have submitted a bid for the company, while private equity firms JC Flowers and CVC have also teamed up on a joint offer, sources said. \n\nWarburg Pincus declined to comment. Cerberus did not respond to requests for comment. Aldermore declined to comment. Motor finance falloutIn a note earlier this month, analysts at RBC estimated Aldermore’s valuation at £1.45bn including its motor finance business.Aldermore, which also offers mortgages, savings accounts and business loans, reported profit of £193.5m in 2025, down from £253.5m a year earlier. \n\nFirstrand cut its earnings forecasts earlier this year, blaming a “deeply flawed” and costly motor finance redress scheme, which has sent shockwaves through the UK banking sector.While the scheme is being challenged in the English courts, lenders could face a potential £9bn compensation bill. Firstrand said it had set aside £510m to £750m to deal with the potential payout.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}