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Supporting on a £200m strategic collaboration

  • United Kingdom
  • Global

    26-04-2021

    Eversheds Sutherland advises Pollen Street Capital on joint venture with LSL to establish Pivotal Growth Limited

    Eversheds Sutherland has advised longstanding client Pollen Street Capital, one of Europe's leading specialist private equity investors, on the formation of a joint venture with LSL, a leading provider of residential property services, to establish Pivotal Growth Limited, a vehicle seeking to become a leading national mortgage broker.

    Plans are underway for at least £200m to be made available by way of equity and debt to fund acquisitions, with Pollen Street Capital committing up to £62.4m and LSL up to £33.5m.

    The investment by Pollen Street Capital and LSL will allow Pivotal Growth to be powered by market leading technology in order to provide first class regulatory compliance and exemplary customer service.

    Eversheds Sutherland’s corporate team was led by Ankit Chhabra, Legal Director along with Client Partner Paul Pugh, who were supported by Mike Birkett, Principal Associate and Lydia Thimon, Senior Associate.

    Paul Pugh commented:

    “I am delighted that Eversheds Sutherland has advised Pollen Street Capital on this exciting project. Based on Pollen Street’s excellent track record, I have no doubt that Pivotal Growth will cultivate into a major player in its market.

    “The work on this high growth venture adds, and is a testament, to our financial services M&A team’s experience of advising on “buy and build” platforms in the financial services sector.”

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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