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00:02Private equity firm founded by Jared Kushner Affinity Partners has agreed to acquire an
00:068% stake in British lender Oak North, according to Reuters. Sky News reported that Kushner's
00:11Affinity Partners bought an Oak North stake from an undisclosed seller. The investment company
00:15declined to immediately comment when contacted by Reuters. Lender reported pre-tax profit of
00:20nearly $291.5 million in 2024 and operates with more than $10.17 billion in assets,
00:26lending over $2.85 billion last year. Transactions value was not disclosed,
00:31though Oak North was valued at about $2.8 billion in 2019.
00:35For all things money, visit Benzinga.com.
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