Loan Introducer
  • Home
  • News
  • Latest Issue
  • Mortgage Rates
  • House Price Centre
  • Blog
  • Commercial
  • Residential
  • Secured
  • Short Term
  • Unsecured
Facebook LinkedIn Twitter

Time: 0:0

Target Group acquires Freedom Finance

06 August, 2014

By: Ryan Bembridge

category: Commercial, Secured, Short Term, Unsecured

0

Freedom Finance has been acquired by SOF Annex Fund (“SOF”) as part of the strategic growth plans for its portfolio company Target Group.

Freedom Finance was established in 2007 and provides borrowers with real time quotations from a panel of unsecured and secured lenders.

The personal loan broker was previously controlled by Rupert Webb and a private equity investor.

Nicola Georgiou, managing director of Freedom Finance, said: “We are delighted to announce that Freedom Finance has been acquired by SOF.

“We have very ambitious growth plans for the business and SOF are the right shareholders to help us achieve those targets.

“The diverse portfolio of SOF companies offer us valuable partners with which to expand into other areas of financial services using our unique sourcing platform.

“We have already identified a number of exciting opportunities and are looking forward to this new growth phase.”

Target, which provides software and outsourced services, has over £10bn of loans and savings running on its platform.

Lindsey McMurray, managing partner of SOF Investments, added: “Freedom Finance will be a fantastic addition to the Target Group allowing us to deliver a compelling proposition with the highest standards of regulatory excellence to both existing and new customers.

“At SOF we seek to invest in high-quality businesses operating in specialist markets with entrepreneurial and driven management teams.

“Freedom Finance and the team led by Nicola Georgiou certainly have these qualities and we’re excited about working together to build a business that delivers market-leading products and services to create long-term sustainable success.”

To date, SOF Annex Fund has invested over £1.2bn in a range of businesses.


Tags: Freedom Finance, loan, personal loans, Target, Target Group

Recent News

Evolution Money launches second-charge tracker

08 April, 2021

Loans Warehouse: Business as usual for second charge market

12 January, 2021

Loans Warehouse appoints former OneSavings Bank director

12 January, 2021

Shawbrook increases maximum loan size across second charge offering

12 January, 2021

Comments are closed.

Polls

Will the next six months see an increase in second charge business?

View Results

Loading ... Loading ...
BACK TO TOP

Blog

Blog: Regulation, regulation, regulation

28 January, 2016

  • 0

BLOG: The need to shop around

27 October, 2015

  • 0

Experience is everything

28 March, 2013

  • 0

Tags

  • ‘The LM Experience’
  • £50m
  • 1st HomeLoans
  • 1st Stop Group
  • 247Moneybox
  • 360 Lifecycle
  • 75% LTV
  • 85% LTV
  • Aaron Noone
  • ABC
  • Abhai Rajguru
  • Access 4 Finance
  • Access4Finance
  • Accord
  • acquisition
  • Adam Tyler
  • Adelle Rhule-Martin
  • Adrian Moloney
  • Advertising Standards Agency
  • Advertising Standards Agnecy
  • Home
  • News
  • Latest Issue
  • Mortgage Rates
  • House Price Centre
  • Blog
Facebook LinkedIn Twitter

© CEDAC Media Limited | Terms & Conditions

Advice to readers

While this website is checked for accuracy, we are not liable for any incorrect information included. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions.


© Mortgage Introducer Limited: Our Privacy and Cookies Policy

TPG

www.mortgageintroducer.com
www.investmentinternational.com
www.homebuying.co.uk
www.propertywire.com
www.everyinvestor.co.uk

Close

Enter the site

Login

Password

Remember me

Forgot password?

Login