Bank consortium confirms Erinaceous acquisitions
A business investment company established by banks HBOS, HSBC, and Lloyds TSB has confirmed it has acquired three businesses from The Erinaceous Group, which went into administration last week.
Caley has purchased Erinaceous Insurance Services, together with Residential Management and its subsidiaries, and 3C Asset Management - formerly Erinaceous Property Maintenance - for an undisclosed amount.
In a statement, Caley said it was formed to provide the acquired businesses with long-term stability and a strong financial platform. It said it would be exploring opportunities to further develop synergies between the insurance and residential businesses, and between residential and property
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