A lender is at the centre of a takeover offer from a football club owner… .
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div>A lender is at the centre of a takeover offer from a firm owned by a football club owner.
Bentley Park (UK) Limited, owned by Joe Lewis whose Tavistock Group also includes Tottenham Hotspur in its portfolio, has published an offer document of a cash offer for the entire issued and to be issued ordinary share capital of SME lender Inspired Capital plc.
At the beginning of July, the board of Inspired Capital and Bentley Park announced a recommended increased offer at 21.5 pence per share.
After receiving valid acceptances for 91.86% of the lender’s shares, Bentley is now exercising its rights under section 979 of the Companies Act 2006 to compulsorily acquire any shares that have not been approved.
Compulsory acquisition notices have also been sent to the relevant shareholders.
Inspired Capital, based in Bristol, offers loans to SMEs and offers a wide array of products to make borrowing “natural and affordable” for small businesses.
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