Pivotal Growth Limited – which is LSL’s joint venture with Pollen Capital – has acquired Radcliffe & Newlands Mortgages, a residential mortgage and protection broker based in London.
Radcliffe & Newlands Mortgages, founded in 2006 and led by managing director Jason Ransted, has built a strong reputation for offering tailored mortgage and protection insurance services to employees of large corporate clients. Its unique business model allows corporate partners to offer mortgage and protection advice as an employee benefit and has already led to collaboration with more than 100 businesses.
The acquisition adds another specialism to Pivotal Growth’s expanding mortgage and protection portfolio offerings and further enhances its position in the market.
Simon Embley, chief executive officer of Pivotal Growth, commented: “Radcliffe & Newlands Mortgages’ unique model, which integrates mortgage and protection advice as a corporate benefit, is an exciting and innovative service offering. This acquisition strengthens our market position and allows us to serve a sector that was previously untapped by the Pivotal group. We look forward to working with Radcliffe &Newlands Mortgages’ highly experienced team to grow and develop this new area of our
business.”
Jason Ransted, managing director of Radcliffe & Newlands Mortgages, said: “Our team has worked hard to build strong relationships with our corporate partners, and this acquisition offers us the resources to expand even further. With Pivotal Growth’s support, we will continue to provide outstanding mortgage and protection services to employees across a growing number of corporate partners.”
Read the orginal article: https://propertyindustryeye.com/lsl-joint-venture-completes-acquisition/
