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New Deal


Announced

Pollen Street terminated the acquisition of Urban Exposure Lendco.

Financials

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Transaction Value£114m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Disposal

loan portfolio

financial sercives

Diversified Financials

Single Bidder

Private Equity

Friendly

United Kingdom

Majority

Acquisition

Domestic

Private

Failed

Synopsis

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Pollen Street Capital, a private equity firm terminated the $149m acquisition of Urban Exposure Lendco, the loan holding portfolio company of Urban Exposure, a financial services provider. Urban Exposure and UE Amco now intend to claim damages against Honeycomb Holdings, a subsidiary of Pollen Street, for breach of contract. In addition, Urban Exposure and UE Amco intend to seek relief from other entities within or connected to the Pollen Street Capital group, including Honeycomb Investment Trust, Shawbrook Bank, Pollen Street Capital and Pollen Street Capital Holdings, for procuring or inducing the breach by Honeycomb Holdings of the share price agreement.

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