Pivotal Growth completed the acquisition of Group First and RSC New Homes from LSL Property Services for £20m.

Pivotal Growth, a joint venture between LSL Property Services and Pollen Street Capital, completed the acquisition of Group First and RSC New Homes, two mortgage and protection brokerage firms, from LSL Property Services, a residential property services provider, for £20m. "The transfer of Group First and RSC represents an important step in the execution of our strategy and in the development of Pivotal Growth. Financial Services is at the heart of the Group's growth strategy where we have identified significant opportunities to develop LSL's position as the leading provider of services to independent mortgage brokers. These transactions help to simplify the Group structure to allow us to focus on maximising these business-to-business opportunities, whilst also reducing exposure to housing market cycles. Pivotal Growth was established in 2021 to exploit the opportunities we had identified in the direct-to-consumer mortgage broking market, and growth in the new build sector is a strategic focus for Pivotal Growth," David Stewart, LSL Property Services CEO.