Pollen Street Capital to merge with MW Eaglewood

The two firms will merge in a share-for-share exchange, with Pollen Street becoming the majority shareholder of the consolidated group.

Pollen Street, which span out from RBS in 2013, is currently investing from PSC Fund III, which held its first close on £120m at the beginning of 2016.

The firm is invested in listed UK bank Shawbrook Bank, whose shareholders recently rejected a joint takeover offer from Pollen Street and BC Partners valuing shares at 300 pence apiece. The two private equity investors had already made an offer for Shawbrook in January, based on a 307 pence share price.

The merger of Pollen Street and MW Eaglewood is subject to regulatory approval and is expected to complete later in 2017.

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