Specialist mortgage business, Enra Group, has acquired master broker Vantage Finance.
Enra, an Exponent Private Equity portfolio company, has purchased the master broking business from management and existing private equity backer, Chiltern Capital, as part of the Group’s growth strategy. Vantage will sit alongside existing master broker Enterprise Finance in the Enra portfolio, to strengthen the Group’s position in specialist mortgage broking.
The Vantage operation will continue to service existing broker and client relationships at their current location, in the same way, with the existing team, name, and core values. At the same time, the business will benefit from enhanced scalability, through integration into the wider Enra Group structure. Revenue synergies are expected both from faster growth in the Vantage business and strategic product fit with the Group’s lending arm.
Emily Gestetner, CFO of Enra Group, says: “This is a significant step for Enra. Vantage’s specialist mortgage broking expertise complements the Group’s strong presence in specialist distribution, where Enterprise Finance is already a leading master broker, at a time when the Group is expanding its lending proposition in those areas. I look forward to Enra maintaining its established track record of strong growth as a market leading provider of specialist mortgages.”
Lucy Hodge, founder and MD of Vantage Finance, adds: “Having established Vantage almost 14 years ago and grown it to the successful business it is today, I am excited by the opportunity to work alongside the talented and successful management within the Enra Group and taking Vantage to the next stage of its growth whilst contributing to the wider Group. Our ability to leverage the financial and back-office strength of the Group gives us a strong platform to accelerate the growth of the Vantage business”
