Latest news with #Shawbrook
Bloomberg
29-07-2025
- Business
- Bloomberg
Railroads Lead $100 Billion Industrials M&A Spree
Hi, it's Fareed Sahloul in New York, rounding up almost $100 billion worth of deals in the industrials sector. Also today, British lender Shawbrook picks banks for a London IPO. Today's top stories
Bloomberg
29-07-2025
- Business
- Bloomberg
FTSE 100 Live: UK Stocks Set to Rise as Focus on Barclays, Astra Earnings
Before we get to the deluge, two developments in conflicting directions for London's public markets. Money transfer firm Wise won the backing of its shareholders to shift its primary listing out of London, despite some dissent about the move from certain investors. And in a potential boost, lender Shawbrook has added further banks to its possible IPO, where it may seek a valuation of about £2 billion, Pablo Mayo Cerqueiro and Swetha Gopinath report. It was taken private back in 2017, so it would mark a return for the group to public markets.
Yahoo
15-07-2025
- Business
- Yahoo
Shawbrook Bank supports Portman Finance Group with $13m facility
UK-based Shawbrook Bank has structured a £10m ($13.4m) funding line to support Portman Finance Group's expansion into direct small and medium enterprise (SME) lending. The facility, arranged by Shawbrook's Specialist Finance team, will be used by Portman to 'scale up its business and broaden its facilities in the UK SME market'. Set up in 2007 by Alex Read, Portman has transitioned from a brokerage to a lender, supporting more than 20,000 SMEs with more than £1.5bn in funding since inception. The company also aims to broaden its SME loan offerings and assist with larger, longer-dated loans. Shawbrook's structured lending director Chris Clarke said: 'Right from the start, Portman's Board demonstrated they had built a strong, experienced group and their robust systems and data-led approach aligned perfectly with our vision. 'We believe that this funding line is only the start of a long and prosperous relationship, and we are pleased that Shawbrook have also joined the Portman Broker panel, which reflects our commitment to this client.' Shawbrook's specialist finance team collaborated with Portman's leadership, including founder Read, directors Simon Pratt and Ben Laidler, and finance director Mark Craigen, to create a tailored block facility. Read added: 'We are delighted to have Shawbrook as a partner as we look to grow and expand our offerings. This funding line is crucial for us to achieve our ambitious plans and to assist even more SMEs across the UK.' In a separate development, the British Business Bank announced a £10m investment in Shawbrook's £75m Tier 2 note issuance last month. The investment followed a previous £30m subscription to Shawbrook's Tier 2 note issuance in 2020. These investments are designed to support recipient banks in expanding their services and increasing finance supply to smaller UK businesses. With the capital raised through this issuance, Shawbrook plans to continue supporting growth in its specialist small business markets, reinforcing its role in the SME finance sector. "Shawbrook Bank supports Portman Finance Group with $13m facility" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-06-2025
- Business
- Yahoo
Metro Bank shares surge on talk of private equity takeover
Metro Bank shares have surged to a two year-high following news of a takeover approach by a London private equity firm that could create uncertainty for customers and staff. It emerged over the weekend that Pollen Street Capital has sounded out Metro Bank bosses over a potential deal, which could take the listed lender off the London Stock Exchange and back into private hands. The rumours have also sparked speculation that Metro Bank would ultimately be merged with another of Pollen's companies, the specialist business lender Shawbrook. The news sent Metro Bank shares up by more than 15% to a high of 130p on Monday. A private equity takeover and potential merger would create further uncertainty for Metro Bank's employees, who have just emerged from a cost-cutting programme that resulted in roughly 1,000 job losses. About 3,000 staff survived the latest round of cuts, which were part of turnaround efforts following the bank's near failure in October 2023. Any further cuts could raise questions about services for Metro's three million customers, including those services offered across Metro's costly branch network. The bank has already cut back on opening hours across its 75 branches, which were originally open seven days a week. While no price has been attached to Pollen's prospective offer, a sale could result in a windfall for some of Metro's shareholders, who saw shares dip to nearly 30p months after the bank was forced into a rescue deal. Metro was the first high street bank to open in the UK in more than 100 years when it was launched by the US billionaire Vernon Hill in 2010. It attracted a wave of customers, and offered dog-friendly branches with seven-day opening. But the bank suffered in the years that followed. Its share price was all but wiped out in 2019 after an accounting error led to the resignation of it top executives and founder. It took a further dive in 2023 when it emerged that the bank would need more cash from investors after it failed to convince regulators that Metro could be trusted to assess its own risks. The Colombian billionaire Jaime Gilinski Bacal now holds a 53% stake in the lender as part of the £925m rescue deal in 2023, which was three years after he started building a stake. Metro Bank, Pollen Capital and Shawbrook all declined to comment. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Guardian
16-06-2025
- Business
- The Guardian
Metro Bank shares surge on talk of private equity takeover
Metro Bank shares have surged to a two year-high following news of a takeover approach by a London private equity firm that could create uncertainty for customers and staff. It emerged over the weekend that Pollen Street Capital has sounded out Metro Bank bosses over a potential deal, which could take the listed lender off the London Stock Exchange and back into private hands. The rumours have also sparked speculation that Metro Bank would ultimately be merged with another of Pollen's companies, the specialist business lender Shawbrook. The news sent Metro Bank shares up by more than 15% to a high of 130p on Monday. A private equity takeover and potential merger would create further uncertainty for Metro Bank's employees, who have just emerged from a cost-cutting programme that resulted in roughly 1,000 job losses. About 3,000 staff survived the latest round of cuts, which were part of turnaround efforts following the bank's near failure in October 2023. Any further cuts could raise questions about services for Metro's three million customers, including those services offered across Metro's costly branch network. The bank has already cut back on opening hours across its 75 branches, which were originally open seven days a week. While no price has been attached to Pollen's prospective offer, a sale could result in a windfall for some of Metro's shareholders, who saw shares dip to nearly 30p months after the bank was forced into a rescue deal. Metro was the first high street bank to open in the UK in more than 100 years when it was launched by the US billionaire Vernon Hill in 2010. It attracted a wave of customers, and offered dog-friendly branches with seven-day opening. But the bank suffered in the years that followed. Its share price was all but wiped out in 2019 after an accounting error led to the resignation of it top executives and founder. It took a further dive in 2023 when it emerged that the bank would need more cash from investors after it failed to convince regulators that Metro could be trusted to assess its own risks. Sign up to Business Today Get set for the working day – we'll point you to all the business news and analysis you need every morning after newsletter promotion The Colombian billionaire Jaime Gilinski Bacal now holds a 53% stake in the lender as part of the £925m rescue deal in 2023, which was three years after he started building a stake. Metro Bank, Pollen Capital and Shawbrook all declined to comment.
