A specialist property finance firm has undergone a £16.8 million management buyout.
Solihull-based Signature Private Finance has been acquired by chief executive Tony Gilbertson and his senior management team, with support from private equity firm Foresight Group.
Established in 2012, Signature specialises in short-term property finance, supporting developers and landlords with funds to purchase, refinance and refurbish property across the 海角视频.
The team, which has bought out previous owner Cabot Square Capital, recently achieved its £100 million lending target.
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Mr Gilbertson said: "This new investment will accelerate our growth strategy, helping our development of new products that more broadly support the needs of our clients and targeting new locations in order to better serve our growing national customer base.
"The significant increase in deals we have delivered in the preceding months gave us confidence to take this step at a time when the market is beginning to surge now the election is over and the uncertainty about Brexit has faded.
"We have refreshed our brand identity to reflect our determination to make the lending process simpler and more transparent.
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"We will continue to expand our 'boots on the ground' policy and open new offices to ensure every property hotspot is within easy reach of a professional lending team that understands the local market, ready to respond quickly to enquiries and shorten the lending process.
"Recruiting the very best property finance professionals, who care as much about building long-lasting, mutually beneficial client relationships as we do, will continue to be one of our key objectives in the months ahead."
James Livingston, partner at London-based Foresight, added: "Signature is well-positioned to accelerate its strong growth with the additional support and capital that Foresight will bring.
"Tony and his management team have developed a successful alternative lender with a good corporate culture and we look forward to working with them to take Signature through the next stage of its growth."