Alternative Lender, MT Finance, Completes Management Buy-Out with Triple Point Investment Management

OlufisayoMay 26, 20210304 views

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One of the leading specialist finance providers in the UK, MT Finance, has just completed a management buy-out (MBO) which consolidates the full ownership of the business back to the original founders from 2008, Joshua Elash and Tomer Aboody.

The MT Finance Group raised £8 million worth of funding from Triple Point Investment Management to complete the deal. The transaction was completed before the Chancellor’s budget announcement on 3rd March earlier this year and completed within an 8-week period, whilst advised by EY and represented by Ashurst.

MT Finance was co-founded by Joshua Elash and Tomer Aboody who saw an opportunity to offer alternative finance products, following the strict lending criteria from banks that followed after the financial crisis. To date, the lender has completed more than £1 billion worth of specialist lending, including its flagship product, bridging finance, and also auction finance and second charge loans.

Joshua Elash, a co-founder, said, “This buyout is the start of a new and exciting chapter in the story of our company and will allow the management team to now push forward with our goal and vision of making the MT Finance Group the leading property finance provider in the U.K. We wish to express our gratitude to the teams at Triple Point, EY, and Ashurst for their tireless assistance, day and night, in getting this done under the tightest of time constraints.”

Earlier this year, the firm announced that it was not just focusing purely on unregulated activity and has now entered the regulated market too.

MT Finance, has announced that it is entering the regulated bridging market, with a new offering available to a select panel of brokers.

Commercial Director, Gareth Lewis, commented: “We feel some lenders have lost sight of what’s important. Nobody wakes up in the morning wanting bridging finance – they have a specific transactional need. Bridging finance is about providing liquidity and getting transactions done within a tight timescale.” Based on this analysis, they offer 3 key areas of improvement for their regulated bridging products.

With this new range of products, MT Finance is aiming to get back to basics and make the process more approachable for their clients. Gareth Lewis confirms that they have “stripped back to the essentials of bridging finance”, streamlining the application process.

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