LSL Property and Pollen Street Capital to form Pivotal Growth in a $283m deal.

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.