Pivotal Growth announces first bolt-on acquisition and extensive pipeline of acquisition opportunities

Pivotal Growth has agreed terms to acquire Lifetime Finance Group Limited

We are pleased to announce that Pivotal Growth has agreed terms to acquire Lifetime Finance Group Limited (“Lifetime”), representing the first acquisition for the joint venture between Pollen Street IV and LSL Property Services plc. Lifetime is one of the largest mortgage brokers in Scotland, with particular expertise in the new build sector as well as the specialist segments of contractor and self-employed mortgages.

Pivotal Growth was formed in April 2021 with the aim of building a leading, UK wide mortgage broker powered by market leading technology, first class regulatory compliance and exemplary customer service. Since establishment, Pivotal Growth has continued to build out the pipeline of acquisitions opportunities, in part leveraging the considerable levels of inbound leads. The business is currently discussing a significant number of other potential opportunities and expects to complete further transactions in the near future.

Simon Embley, Group Chief Executive of Pivotal Growth, commented:

“I am pleased to confirm that Pivotal Growth has successfully concluded the acquisition of Lifetime Finance Group. We are particularly excited to be able to work with Gordon and his team to develop the business further”

Gordon Hunter, Chief Executive of Lifetime Finance Group, said:

“Pivotal Growth is an ideal partner, and I am delighted to be retaining a minority investment in the business, particularly due to the future opportunities that this brings. Investment by Pivotal will give us the capital and technology that is becoming increasingly important to be able to satisfy the growing demands of all stakeholders, including, consumers, lenders and the regulator in a fast moving dynamic market”