TITLESTONE PROPERTY FINANCE LIMITED / PARAGON BANK PLC / OAKTREE CAPITAL MANAGEMENT LP / Disposal / Private / £48m

Paragon Banking Group PLC has acquired the entire share capital of Titlestone Property Finance Limited for circa £48 million.  At the same time Paragon is acquiring a portfolio of development finance loans for circa £226 million from a series of special purpose vehicle companies. Titlestone and the SPVs are owned by funds ultimately controlled by Oaktree Capital Management L.P.