Pollen St. Joins UK Co. For £200M Mortgage Broker Buy-Up

Law360 (April 23, 2021, 2:40 PM EDT) -- British real estate, mortgage and valuation company LSL Property Services PLC detailed plans Friday to buy up and combine mortgage brokers across the U.K. through a £200 million ($277 million) venture with Pollen Street Capital.

Pollen Street, an investment management company with offices in London and New York, expects to pour up to £62.4 million into the project — called Pivotal Growth Ltd. — through a mix of £19.1 million in equity and £43.3 million in debt. LSL will put forward up to £19.1 million in equity as well, plus as much as £14.4 million in debt. 

The broker buy-up venture...

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