Houlihan Lokey Advises Lendco and Cabot Square Capital
Transaction Pending
Lendco, a portfolio company of Cabot Square Capital, has agreed to be acquired by Cerberus
Sellside Advisor
Houlihan Lokey is pleased to announce the signing of a binding agreement under which Cerberus Capital Management (Cerberus) has agreed to acquire Lendco from Cabot Square Capital (Cabot) and other shareholders.
Founded in 2018, Lendco is one of the U.K.’s fastest-growing specialist buy-to-let and bridging lenders. Established as a strategic joint venture between Cabot and SPF Private Clients, Lendco has originated nearly £3 billion since inception and is currently marketing its seventh securitisation under its Atlas funding programme. Lendco’s success is attributable to its diverse, long-standing broker relationships, exceptional underwriting, scalable and efficient tech platform, and strong reputation with funding partners and the capital markets.
Cabot is a leading middle-market private equity fund manager focused on cash-yielding assets (real assets, credit, infrastructure) and related services businesses in Western Europe. Established in 1996 and headquartered in London, Cabot is currently managing its fourth and fifth private equity funds.
Founded in 1992, Cerberus is a global alternative investment firm with approximately $70 billion in assets across complementary credit, real estate, and private equity strategies. Cerberus invests across the capital structure where it believes its integrated investment platforms and proprietary operating capabilities can help improve performance and drive long-term value. Cerberus’ tenured teams have experience working collaboratively across asset classes, sectors, and geographies as they seek to achieve strong risk-adjusted returns for investors.
Houlihan Lokey served as the exclusive financial advisor to the shareholders of Lendco. This transaction further strengthens Houlihan Lokey’s leadership within specialty finance, particularly with a focus on specialist property, including advising Enra Specialist Finance on its sale to Elliott Advisors, Foundation Home Loans on its sale to Apollo Global Management, Computershare Loan Services on its sale to Pepper Advantage, and Atalaya Capital Management on its investment into Allica Bank.