Andrew Bloom

Värde Partners completes £60m equity investment in Masthaven

Masthaven has announced the completion of a strategic £60m equity investment from Värde Partners.

The funding will help the bank with its aim to become one of the leading specialist banks in the UK residential and SME markets.

The investment will enable Masthaven to significantly increase its lending to consumers and SMEs over the next three to five years.

The specialist bank will also be able to provide innovative deposit solutions to its customers.

Andrew Bloom, founder and CEO at Masthaven (pictured above), said: “Masthaven has made tremendous strides in the past few years.

“We have successfully launched specialist residential and buy-to-let mortgages plus bolstered our savings suite by entering the SME savings market, all while growing our team to above 170 people and with a balance sheet in excess of £750m.

“Now it’s time for us to further enhance our propositions for both our existing customers and intermediary partners as well as our future clients.

“Masthaven will deploy the Värde Partners investment to bring more capacity to the UK market and enable us to innovate in terms of both our savings and lending propositions.”

Värde Partners currently manages $14bn (approximately £10.8bn) in assets, with over 20 years of experience of investing in consumer and commercial credit in the financial services sector.

Elena Lieskovska, partner and head of European financial services at Värde Partners, added: “Masthaven is a rising brand in the UK challenger bank scene and we’re thrilled about the opportunity to work together to enhance the bank’s proposition and to take it to the next level.

“At Värde, we are active in our portfolio companies, favouring the partnership approach to creating value, and that’s exactly how we expect to work with the Masthaven team.”

Michael Baker, managing director of joint ventures at The William Pears Group — an investor in Masthaven — said: “We’ve backed Masthaven Finance since 2011 together with the launch of Masthaven Bank in 2016 and are pleased to welcome Värde Partners as a new investor and look forward to them being part of the next phase in Masthaven’s journey.”

Sign up to our newsletter to receive more news like this story

I accept that by joining the B&C mailing list, I will receive relevant news and promotional material via B&C on behalf of its partners and advertisers. Your data will not be passed on to any third party.
No, thanks, just the news please.

Leave a comment

Blonde teen Lidsey posing for you