Buy-out brings a cash boost to Cheval Finance

Cheval Bridging Finance has been bought by management and a consortium of investors.

The reorganisation of the short-term lender sees it acquired by a new parent company, Cheval Holdings, which is owned by a consortium of investors and Cheval’s management.

The lender will receive a capital injection from the new owners and renew the existing primary funding facility with Clydesdale Bank.

Gavin Diamond, group finance director at Cheval Holdings, says: “This transaction will enable us to take the business to the next level by making full use of the opportunities presented by the lack of liquidity in the mainstream lending market.”