Cheval bought by investment group

Bridging finance lender Cheval was last week bought by a major shareholder in the UK Domino’s Pizza chain.

The buyer is investment partnership Credit Investments which is owned by Colin Halpern and Ellis Sher. Halpern is an experienced entrepreneur. In 1993 he and his brother Gerry bought the UK and Ireland franchise for Domino’s Pizza.

The brothers built up the Milton Keynes-based franchise operation Domino’s Pizza Group which saw group sales of 81.7m in 2005/06, with operating profits of 10m.

Sher has spent seven years at Investec Bank developing its private client structured finance capabilities.

Benson Hersch, managing director of Cheval, says: “With Credit Investments behind us we have the backing to build a commanding position in the bridging finance sector.”