Masthaven completes £60m investment deal

Masthaven first announced the agreement in September 2018 and says the investment will enable it to "significantly increase lending" over the next three to five years.

Värde Partners manages $14 billion in assets and has more than 20 years of experience investing in consumer and commercial credit in the financial services sector.

Andrew Bloom, Masthaven’s founder and CEO, commented: “Masthaven has made tremendous strides in the past few years. We have successfully launched specialist residential and buy-to-let mortgages plus bolstered our savings suite by entering the SME savings market, all while growing our team to above 170 people and with a balance sheet in excess of £750 million.

"Now it’s time for us to further enhance our propositions for both our existing customers and intermediary partners as well as our future clients. Masthaven will deploy the Värde Partners investment to bring more capacity to the UK market and enable us to innovate in terms of both our savings and lending propositions.”

Elena Lieskovska, partner and head of European financial services at Värde Partners, said: “Masthaven is a rising brand in the UK challenger bank scene and we’re thrilled about the opportunity to work together to enhance the bank’s proposition and to take it to the next level. At Värde, we are active in our portfolio companies, favouring the partnership approach to creating value, and that’s exactly how we expect to work with the Masthaven team.”