MT Finance Completes MBO With Funds From Triple Point Investment Management

MT Finance Limited Group, an award-winning specialist real estate lender, today announced the completion of a management buyout (MBO) that will consolidate 100% of the company’s ownership into the hands of co-founders Joshua Erash and Tomah Abudi. (Photo).

MT Finance Group has raised £ 8m from Triple Point Investment Management to complete the purchase. In accordance with the terms of the options contract signed in November, the transaction had to be completed before the Prime Minister’s budget on March 3, 2021. A complex MBO represented by the Ashurst team, advised by EY’s Nick Park House team, lasts eight weeks.

Founded in 2008 by co-founders Joshua Elash and Tomer Aboody, MTFinance has rapidly established a reputation for providing outstanding customer service and the ability to complete rapid financing. MT Finance has successfully completed over £ 1 billion in financing. Bridge loan And other professional financing.

Co-founder Joshua Elash said: “This acquisition marks the beginning of a new and exciting chapter in our story, and management can drive our goals and vision of leading an MT finance group. UK Real Estate Finance Providers We Thanks to the Triple Points, EY, and Assurast teams for their tireless support, day and night, to achieve this under the most stringent time constraints. “

Added comments about the deal, Reece Digance, Triple Point Investment, “We are pleased to partner with MT Finance to support buyouts. It was clear from the beginning that MT Finance’s customer proposals are first-class, backed by technology, customer service, and speed of execution. In the near future. We look forward to supporting your business ambitions. “

MT Finance was advised by EY’s Financial Services Corporate Finance team.

EY’s Nick Park House said, “We have been working closely with Joshua and Tomer for many years. We are pleased to be able to advise MT Finance on the acquisition. This transaction is completed completely remotely and is the underlying MT finance platform. We share the company’s excitement about the future and this deal allows the team to act on the considerable opportunities they have available. “

Lee Doyle, Matthew Pentecost and Elizabeth Street-Thompson, Ashurst LLP’s banking team, provided legal advice to MTF Finance. Harry Bengough and Tim Walker, a banking team at Harrison Clark Rickerbys Ltd, provided legal advice to TriplePoint.

MT Finance Completes MBO With Funds From Triple Point Investment Management

Source link MT Finance Completes MBO With Funds From Triple Point Investment Management

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