Announced
Financials
Tags
mortgage brokerage
Domestic
Friendly
Mortgage Finance
Private Equity
Majority
United Kingdom
Acquisition
Joint Venture
Pending
Private
Synopsis
LSL Property, a provider of services to mortgage intermediaries, specialist mortgage and protection advice, and Pollen Street Capital, a private equity firm, are set to form Pivotal Growth, a national mortgage broker, in a $283m deal. "We are highly enthusiastic to support Simon Embley and his team in the launch of Pivotal Growth. Pollen Street has an extensive track record of backing successful buy-and-build platforms in UK financial services, most recently with Specialist Risk Group in commercial insurance broking, Kingswood in wealth management, and with foreign exchange platform Foreign Currencies Direct," Ian Gascoigne, Pollen Street Partner.
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