Go to deals
Financial Services

The Responsible Group has sold a 30% stake to Royal London

Equity release specialists Responsible Life and Responsible Lending (Responsible Group) have sold a 30% stake to The Royal London Mutual Insurance Society Limited (Royal London).

Based in Plymouth and founded in 2010, Responsible Group is a leading broker and correspondent lender in the later life lending (equity release) industry, with a number of leading distribution partnerships including Aviva and the Telegraph Media Group. Its pioneering ‘Later Life Lending’ scheme is the most compliant form of addressing equity release, with market-leading systems and controls adhering to exceptional conduct standards.

For Royal London, the UK’s largest life, pensions and investment mutual, the acquisition will offer participation in one of the fastest-growing markets in financial services. The later life lending sector offers alternative options to those at retirement age who hold equity in their properties and who wish to supplement their pensions saving.

Oaklins Cavendish, based in the UK, advised Responsible Group on the sale of a 30% minority stake to Royal London. The team obtained a thorough understanding of the business, ensuring the correct positioning of its pioneering later life lending proposition and the market opportunity available to it. The team managed the process from start to finish, ensuring the delivery of a tight timetable and equitable legal negotiations.

Parties
“We were delighted with our decision to engage Oaklins Cavendish to advise us on our plans to bring inward investment to the group. The team brought a number of highly complementary skills to our internal deal team. They calmly helped us navigate all stages of the process, from due diligence through to completion. They were a pleasure to work with and I highly recommend them.”

Steve Wilkie

Chairman and co-founder, Responsible Group

Talk to the deal team

Peter Gray

Partner
London, United Kingdom
Oaklins Cavendish

Ben Goldring

Partner
London, United Kingdom
Oaklins Cavendish

Related deals

Bloom Equity Partners Management, LLC has acquired GRC International Group plc
Private Equity | Financial Services | TMT

Bloom Equity Partners Management, LLC has acquired GRC International Group plc

GRC International Group plc, a leading provider of IT governance, risk management and compliance solutions, has delisted from the LSE’s AIM market and partnered with Bloom Equity Partners Management, LLC to further develop its product offering to meet its customers’ most critical cyber security and regulatory challenges.

Learn more
Mercado Abierto Electrónico S.A. has merged with Matba Rofex S.A.
Financial Services

Mercado Abierto Electrónico S.A. has merged with Matba Rofex S.A.

Mercado Abierto Electrónico S.A. (MAE) and Matba Rofex S.A. have merged to create A3 Mercados S.A., the largest financial exchange in Argentina. A3 Mercados unites all corporate and government futures, derivatives and fixed income markets in the country.

Learn more
Rare ARC has raised US$14.5 million in structured debt financing
Financial Services

Rare ARC has raised US$14.5 million in structured debt financing

Rare Asset Reconstruction Limited (Rare ARC) has successfully raised US$14.5 million in structured debt financing.

Learn more