Nabarro advises Cheval Group's new investors
29 March 2011
Nabarro LLP has advised a consortium of investors on their investment in Cheval Holdings Limited ("CHL") the parent company of Cheval Bridging Finance Limited ("CBF"), a leader in the short term lending market.
The transaction was a major part of a large restructuring and refinancing of the Cheval Group, which ultimately resulted in a significant cash injection and the renewal of the group's primary funding facility with Clydesdale Bank Plc.
Non-Executive Chairman of CHL, Dennis Levine, said on behalf of the consortium:
“The investors are delighted to be the new owners of one of the most well-known and respected brands in the bridging finance industry and see a bright future ahead. The management of the company have demonstrated an ability to lend successfully in tough market conditions and we aim to build on this by reinforcing Cheval’s leading position in this sector.”
Nabarro corporate partner Andrea Cropley said:
"This was a complex deal involving a number of parties and their advisors. Our clients were alive to an excellent investment opportunity arising out of the restructuring."
The Nabarro team was led by corporate partner Andrea Cropley with assistance from James Foster, Jeremy Thompson (corporate), Dean Gormley and David Stanbridge (banking) and Adrian Brown and Clare Grayston (FSA).
For further information, please contact:
