Saffery advises Chetwood Financial Limited on CHL Mortgages acquisition

Chetwood Financial Limited (Chetwood), a UK digital bank backed by Elliott Advisors (UK), has acquired CHL Mortgages for Intermediaries (CMI) from Barossa Asset Purchaser Sarl.

The acquisition will help Chetwood to expand its reach within the mortgage intermediary market and grow its mortgage loan book.

CMI’s specialist lending team is set to support Chetwood’s soon-to-launch ModaMortgages proposition. The two lenders will co-exist independently, each with their own brands, products and teams, but will benefit from the sharing of skills, experience and expertise as part of Chetwood.

How we helped

Our corporate finance team, led by Niraj Patel, worked closely with Chetwood throughout the transaction process, providing buy-side financial and taxation due diligence services.

On the acquisition, Chetwood commented: “The Saffery team provided excellent, timely and great value support to us on this transaction, enabling us to complete to schedule with confidence that we had a really good handle on the finance side risks associated with the trade.”

We have extensive experience of providing both sell-side and buy-side support to clients across a range of sectors. More information is available on previous transactions we have worked on.