the loan partnership

Pivotal Growth to acquire The Loan Partnership

Pivotal Growth — the joint venture between LSL Property Services and Pollen Street Capital — has today (23rd May) announced it has agreed to acquire The Loan Partnership, subject to customary regulatory approvals.

The acquisition further expands Pivotal Growth’s capability into the specialist second-charge broking and bridging finance markets.

The firm is currently in active discussions with a number of other opportunities, which will continue to build on its product set and geographic presence.

Pivotal Growth was established in 2021 to buy and build a leading national mortgage adviser powered by technology, regulatory compliance and customer service.

Simon Embley, CEO at Pivotal Growth, said: “I am delighted to welcome The Loan Partnership into the Pivotal Growth group. 

“This acquisition will complement our existing businesses and help us build out our specialist broking capability, giving us a presence in the fast-growing second-charge mortgage and bridging finance markets. 

“We believe these segments will play an important role in supporting customers looking for access to alternative mortgage financing solutions. 

“We are excited to be working with its management team and people, who are renowned for providing fantastic service and excellent customer outcomes."

John Webb, director at The Loan Partnership, commented: “Pivotal Growth is the perfect partner for The Loan Partnership, and I am looking forward to working with it to continue to grow the business. 

“Pivotal Growth will give The Loan Partnership access to a wider customer base due to its expansive distribution reach, along with access to capital and technology that is becoming increasingly important to provide our clients with the best possible service and address the needs of all stakeholders we support in the second-charge and bridging sectors. 

“We look to the future now with even more confidence as part of the Pivotal family.”

Ian Gascoigne, partner at Pollen Street Capital, added: “Andy [Pelley, director at The Loan Partnership] and John have built a great business specialising in the second-charge and bridging finance markets, which represents a strong fit with Pivotal Growth’s strategy. 

“We’re thrilled to see Pivotal’s continued momentum this year, with a strong pipeline of acquisitions, including several in due diligence.”

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