MT Finance completes sale of minority stake
The sale is part of a growth strategy MT Finance put in place in 2017.
"The cementing of this relationship will serve MT Finance well in the coming years as we continue to achieve our objectives of being an ESG-focused, multi-solution, financial institution."
MT Finance has announced that an American investment company focusing on fixed-income investments has become a minority shareholder in the business, having exercised warrants obtained in 2017.
The specialist lender says the decision to exercise the warrants comes following strong financial performance throughout the pandemic, combined with the introduction of a regulated bridging product in 2020 and the launch of its new buy-to-let offering in July 2022.
Joshua Elash, director and founder of MT Finance, said: “We look forward to welcoming this outstanding institution as a shareholder. The cementing of this relationship will serve MT Finance well in the coming years as we continue to achieve our objectives of being an ESG-focused, multi-solution, financial institution.”
Nick Parkhouse of EY, who advised on the transaction creating the warrants, said: “This is another validation of the growth strategy MT Finance put in place in 2017 to become the leading property lender in the UK. I am confident there will be further and continued exciting news coming from the company in the not-too-distant future.”
