Inveniam have successfully acquired a portfolio of 184 shared equity loans from Esh group for an undisclosed sum.
As part of this deal Inveniam have established a separate company – Inveniam Home Loans, which will manage this portfolio. Debt facilities were secured to fund this acquisition through a combination of non-high street sources which provide management with a flexible solution which can be repaid according to the sales profile delivered via the company.
Naveer Mattu, Corporate Finance Executive at Inveniam, said “this was an excellent opportunity to acquire this portfolio. Inveniam Home Loans has been set up as a long-term standalone company that will look to provide access to clear and impartial advice to homeowners as they redeem their loans. We certainly hope that this acquisition is the first of many.”
Inveniam Corporate Finance provide ongoing management accounting and payroll services to the business going forward and act as Directors.