Cap One to Buy UK HEL Broker

McLean, Va.-based Capital One Financial Corp. has agreed to buy HFS Group, a United Kingdom home equity loan broker, for $117 million in an all-cash transaction.The deal includes the repayment of $47 million of HFS Group's debt, Capital One reported. Under the terms of the transaction, which is scheduled to close in the first quarter of 2005, HFS will become of subsidiary of Capital One Bank Europe PLC but continue to operate as a distinct company under the leadership of its current management team. Capital One can be found on the Web at http://www.capitalone.com.