Lonsdale acquires majority stake in CC&A
Lonsdale Capital Partners has acquired a majority stake in UK-based mortgage broker Charles Cameron & Associates (CC&A) from its founders.
The transaction is the eighth primary deal secured by Lonsdale's £110m maiden buyout fund, which makes equity commitments of £10-15m.
CC&A co-founder Simon Nimmo will continue in his role as CEO and retains a minority stake in the business.
Under Lonsdale's ownership, the business will look to increase the number of its corporate partnerships and develop new services, including improving its digital and mobile platforms.
According to a statement, the company has increased its revenues at a compound annual growth rate of 16% over the course of the last two years.
Company
Founded in 2004 and headquartered in London, CC&A is a mortgage broker and provider of financial advice to high-net-worth individuals. The business offers its broking service through a partnership with investment banks, tech businesses and employee benefit providers.
People
Lonsdale Capital Partners – Andy Chetwood (director).
Charles Cameron & Associates – Simon Nimmo (founder, CEO).
Advisers
Equity – Grant Thornton (financial due diligence); PwC (commercial due diligence); CMS Cameron McKenna Nabarro Olswang (legal); Alantra (debt advisory); Alvarez & Marsal (regulatory due diligence); BDO (tax); JLT Speciality (insurance due diligence).
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