Ashcombe advises Exponent Private Equity on investment in ENRA Group

Ashcombe Advisers is pleased to announce that it has advised Exponent Private Equity on its acquisition of a majority stake in ENRA Group, a specialist provider of mortgage finance, from Livingbridge.
 
ENRA lends and brokes short term bridge mortgages and distributes specialist second charge and buy-to-let products.  ENRA is unique in both lending from its own balance sheet and placing loans with external investors via its West One platform, in addition to operating a leading master broker under the Enterprise brand.
 
Mark Taylor, Partner at Exponent, said; "We are excited to back Danny Waters and his team to continue the impressive growth the business has experienced to date, as well as supporting ENRA to develop new product lines. Ashcombe provided high-quality analytical and strategic support for this transaction, and assisted in securing David Stewart, former CEO of the Coventry Building Society, to join the board as Chairman, bringing a wealth of experience in long term secured lending."
 
Since 2014, Ashcombe has worked on 21 financial services transactions with a combined value of approximately £3.9bn.