Pollen Street Capital’s Joint Venture With LSL

In UK Eversheds Sutherland, advised on the matter.

Eversheds Sutherland advised Pollen Street Capital with a team including Paul Pugh (Corporate M&A).

Pollen Street Capital, one of Europe’s leading specialist private equity investors, formed 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 (Picture), Legal Director along with Client Partner Paul Pugh, who were supported by Mike Birkett, Principal Associate and Lydia Thimon, Senior Associate.

 

Involved fees earner: Mike Birkett – Eversheds Sutherland; Ankit Chhabra – Eversheds Sutherland; Paul Pugh – Eversheds Sutherland; Lydia Thimon – Eversheds Sutherland;

Law Firms: Eversheds Sutherland;

Clients: Pollen Street Capital;

Author: Giulia Di Palma