Cerberus Capital Management announced that an affiliate has entered into an agreement to acquire Lendco Limited from Cabot Square Capital and minority shareholders, marking an expansion of its presence in the UK specialist lending market. The transaction is expected to close in the coming weeks. Financial terms were not disclosed.
Founded in 2018 as a joint venture between Cabot Square Capital and SPF Private Clients, Lendco has grown into one of the UK’s fastest-growing specialist buy-to-let and bridging lenders. The company has originated nearly £3 billion in loans and is currently marketing its seventh securitization under its Atlas funding program.
The acquisition aligns with Cerberus’ strategy of investing in asset-based finance origination platforms globally. By adding Lendco to its portfolio, the firm aims to capitalize on growth opportunities in the UK lending sector while supporting the company’s continued expansion.
Lendco operates with approximately 60 employees based in London and originates loans through registered intermediaries, focusing on specialized lending products tailored to property investors.
Cabot Square Capital highlighted the company’s growth trajectory during its ownership and expressed confidence in Lendco’s future under Cerberus.
The transaction reflects continued investor interest in specialist lending platforms, particularly those with established origination capabilities and scalable funding programs.
KEY QUOTES
“The whole Lendco team is super excited for the next chapter. We have had a great partner in Cabot thus far and we are really looking forward to working with the team at Cerberus to fulfil our growth plans for the business.”
Simon Knight, CEO, Lendco
“It has been a privilege to partner with Lendco. Over the past eight years under our ownership Lendco has achieved tremendous growth and success. We are confident the business will continue to flourish as part of the Cerberus investment portfolio.”
Tarun Sharma, Partner, Cabot Square Capital
“We see great opportunity in the UK specialist lending space and are very pleased to be adding Lendco to our portfolio of international asset-based finance origination platforms. Simon and the team have built a great business and we are excited to support them going forward.”
Charles Dunlap, Head Of Global Financial Institutions Advisory, Cerberus Capital Management
