Isis's Enterprise Finance picks up West One Loans

The deal was financed through a combination of cash and equity.

Enterprise Finance, of which Isis acquired a minority stake in a deal that valued the business at £28m in February this year, is a specialist distributor of secured loans, bridging finance and commercial mortgages.

The companies will be integrated over the coming months, with both firms moving to a new, larger headquarters in Hertfordshire.

The enlarged entity will focus on organic and acquisitive growth strategies, with several further bolt-ons already in the pipeline.

Company
West One is a bridging loan provider with £100m of loans under management. Its loans are focused on residential and commercial properties. The lender raises capital for loans through high-net-worth investors.

People
The existing Enterprise Finance board, chaired by David Campbell and led by CEO Danny Waters, will be joined by West One directors Duncan Kreeger and Stephen Wasserman. West One director David Kreeger will also remain with the business. Mark Abrahams will leave the company following the sale of his shares.

Emily Gestetner is CFO of Enterprise Finance.

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• Topics
• UK / Ireland
• Expansion
• ISIS Equity Partners
• United Kingdom