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The Responsible Group has sold a 30% stake to Royal London

Equity release specialists Responsible Life and Responsible Lending (Responsible Group) have sold a 30% stake to The Royal London Mutual Insurance Society Limited (Royal London).

Based in Plymouth and founded in 2010, Responsible Group is a leading broker and correspondent lender in the later life lending (equity release) industry, with a number of leading distribution partnerships including Aviva and the Telegraph Media Group. Its pioneering ‘Later Life Lending’ scheme is the most compliant form of addressing equity release, with market-leading systems and controls adhering to exceptional conduct standards.

For Royal London, the UK’s largest life, pensions and investment mutual, the acquisition will offer participation in one of the fastest-growing markets in financial services. The later life lending sector offers alternative options to those at retirement age who hold equity in their properties and who wish to supplement their pensions saving.

Oaklins Cavendish, based in the UK, advised Responsible Group on the sale of a 30% minority stake to Royal London. The team obtained a thorough understanding of the business, ensuring the correct positioning of its pioneering later life lending proposition and the market opportunity available to it. The team managed the process from start to finish, ensuring the delivery of a tight timetable and equitable legal negotiations.

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«We were delighted with our decision to engage Oaklins Cavendish to advise us on our plans to bring inward investment to the group. The team brought a number of highly complementary skills to our internal deal team. They calmly helped us navigate all stages of the process, from due diligence through to completion. They were a pleasure to work with and I highly recommend them.»

Steve Wilkie

Chairman and Co-founder, Responsible Group

Sprechen Sie mit dem Deal Team

 Peter  Gray

Peter Gray

Partner

London, Grossbritannien
Oaklins Cavendish
 James  Ellis

James Ellis

Partner

London, Grossbritannien
Oaklins Cavendish
 Ben  Goldring

Ben Goldring

Director

London, Grossbritannien
Oaklins Cavendish
 James  Baker

James Baker

Senior Associate

London, Grossbritannien
Oaklins Cavendish

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