REG - Sancus Lending Group - Strategic Joint Venture

Sancus LendingAnnouncement

05/12/2023 07:00

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RNS Number : 6313V  Sancus Lending Group Limited  05 December 2023

Sancus Lending Group Limited

("Sancus", the "Group" or the "Company")

 

Strategic Joint Venture between Sancus Lending (Jersey) Limited and Hawk Group
Limited

 

The Board of Sancus is pleased to announce that it has entered into a joint
venture agreement (the "JV Agreement") with Hawk Lending Limited ("HLL") to
form a new property alternative finance lender (to trade as "Hawk") and debt
advisory business (to trade as "Westmead Debt Advisers") based and operating
in Jersey and focused on serving international clients with Jersey presence
(the "Joint Venture").

 

HLL forms part of the Hawk Group, a Jersey-based high-net-worth family office
providing a range of debt and debt-equity solutions and advisory services,
investment solutions and property development, services, founded by Robert
Morton and predominantly funded by the Morton family.

 

Under the terms of the JV Agreement, the new Hawk businesses will be equally
owned by Sancus Group and Hawk Group, and Rory Mepham, CEO of Sancus, and
Robert Morton, Chairman of Hawk Group will be appointed to the board of the
Joint Venture. The new Hawk business, which will focus on development and
bridge finance, represents a union of expertise, capital, and lending market
experience.  It is expected to provide access to a wider pool of potential
co-funders and wholesale finance opportunities. Funding for the Joint
Venture's lending operations will be provided through a combination of funding
sources including a £30 million facility provided by the Morton Family, the
respective existing co-funder networks, existing and new loan notes, and other
institutional sources of funding, including the Sancus Group's £125 million
facility with Pollen Street Capital (subject to relevant criteria).

 

All staff from Sancus Lending (Jersey) Limited and Hawk Group Limited are
expected to ultimately be retained and employed by the Joint Venture. Existing
loan assets will continue to be managed by Sancus Lending (Jersey) Limited and
HGL respectively, with new business being managed through the Joint Venture,
and ensuring a seamless transition.

 

Rory Mepham, CEO at Sancus, commented: "This joint venture with Hawk gives
Sancus the opportunity to partner with a highly respected local family office.
We are bringing together the best of our respective businesses and are
confident that this will enable the diversification of our funding sources,
and variety of products offered to clients to further grow our Assets Under
Management. We are also very excited by the opportunities that developing a
debt advisory business presents and look forward to growing that business in
both Jersey and further afield."

 

Robert Morton, Chairman, Hawk Group Limited, stated: "This strategic
partnership signifies an important step towards realising our vision for a
more dynamic and robust lending landscape in Jersey. The joint venture
strategically aligns the collective strengths of Sancus and Hawk to capitalise
on existing market opportunities and allows for the identification and
maximisation of untapped potential, positioning Jersey at the forefront of
debt solutions."

 

 

For further information, please contact:

 

 Sancus Lending Group Limited                                                 +44 (0)1534 708 900

 Rory Mepham

 Liberum Capital (Nominated Adviser and Corporate Broker)                       +44 (0) 20 3100 2000

 Lauren Kettle

 Chris Clarke

 William King

 Instinctif Partners (PR Adviser)                                             +44 (0)207 457 2020

 Tim Linacre

 Sanne Fund Services (Guernsey) Limited                                       +44 (0)1481 755 530

 (Company Secretary)

 Matt Falla

 

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