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New Deal


Announced

Pivotal Growth to acquire Embrace Financial Services from LSL Property Services for £10m.

Financials

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Transaction Value£10m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

mortgage advice

Single Bidder

Friendly

Pending

Private

Mortgage Finance

Majority

financial sercives

United Kingdom

Acquisition

Synopsis

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Pivotal Growth, a mortgage brokering firm, agreed to acquire Embrace Financial Services, a mortgage broker, from LSL Property Services, a real estate company, for £10m. “I am pleased to confirm the transfer of Embrace and First2Protect to Pivotal Growth. This marks another significant step in our work to simplify the Group, whilst we focus on taking advantage of the exciting opportunities available to us across each of our divisions, including our financial services network business,” David Stewart, LSL Chief Executive.

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