Gatehouse Bank

Gatehouse partners with Strategy& to raise additional equity capital

Gatehouse Bank has appointed Strategy& — PwC’s global strategy consulting business — as its adviser to raise additional equity capital.

The Sharia-compliant bank is looking to increase its Tier 1 capital to enable further growth in its addressable markets, notably home finance, institutional BTR and deposit accounts. 

Currently, Gatehouse Bank has total assets exceeding £1bn.

Charles Haresnape, CEO at Gatehouse Bank, said: “We are delighted to be working with the Strategy& team as we look to raise Tier 1 equity capital for growth purposes. 

“We have seen a significant increase in demand for our services over the last three years and believe there is a huge opportunity ahead of us, growing our regulatory capital will facilitate this growth.”

Philipp Wackerbeck, partner and global head of financial services at Strategy&, commented: “We are delighted to be working with Gatehouse Bank to assist in bringing incremental capital into the bank to enable further expansion.”

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