UK later life lending expert sells minority stake to leading mutual insurer
Deal Flash
Responsible Group, a leading broker and correspondent lender in the later life lending (equity release) industry, has sold a minority stake to The Royal London Mutual Insurance Society Limited (Royal London), the UK’s largest life, pensions and investment mutual; this move will help the group accelerate growth and boost its later life lending proposition.
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, UK
Oaklins played a major role facilitating this deal
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 delivery in line with a tight timetable and equitable legal negotiations.
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