Following a six-month tender process the Department for Business, Innovation & Skills (BIS) has appointed Hogan Lovells to advise on the sale of the £40bn Student Loans Company (SLC) debt portfolio.
In July BIS invited tenders for legal advice on the monetisation of the SLC’s loans portfolio, which is likely to take place either through a sale to the private sector or securitisation. Invited firms had until 23 August to submit their bids and BIS confirmed to Legal Business late on Friday 6 December that Hogan Lovells was ‘recently’ notified that it is the successful bidder.
