PETRA Group has acquired HWSI Realisation Fund Limited
September 2020 — PETRA Group has acquired HWSI Realisation Fund Limited (HWSI).
The PETRA Group is a privately held independent group that was founded in 2011. It is in the business of acquiring non-bank financial firms and then funding and managing those firms post-acquisition. The founders are also the sole directors of Bidco and PETRA Group Holdings Limited and, together with the management team, are based in London and New York. This transaction will enable PETRA to acquire, in a single transaction, a sizeable portfolio of credit assets fitting its investment strategy.
HWSI is a Guernsey-based, closed-ended investment company. The company’s investment objective is to provide shareholders with regular, sustainable dividends and to generate capital appreciation through exposure, directly or indirectly, to primarily secured loans originated across a range of channels, assets and industry segments.
Our role in the transaction
Oaklins Cavendish’s sister firm finnCap, based in the UK, advised Petra Group on the acquisition of the entire issued ordinary share capital of HWSI Realisation Fund Limited. As the financial advisor to the bidder, we assisted our client in navigating the complexities of the UK public company takeover system.
Talk to the deal team
Related deals
WestBridge has made a majority investment in Beckett Investment Management
WestBridge Fund Managers Limited has agreed to make a majority investment in Beckett Investment Management Group, a leading financial planning business in the east of England. The transaction is the fifth investment from WestBridge III and is subject to regulatory approval by the Financial Conduct Authority (FCA).
Learn moreMoneybox’s employee share sale has set another milestone for London’s Private Securities Market
The London Stock Exchange’s Private Securities Market (PSM) continues to demonstrate its potential as a venue for providing shareholder liquidity in high-growth private companies. Following the successful employee share sale for autonomous driving pioneer Wayve earlier this month, fintech leader Moneybox has completed a US$61 million (£45 million) employee liquidity event through the PSM. By structuring the transaction as an employee liquidity event, long-serving employees with vested equity have been able to realize some of the value they helped create while enabling Moneybox to remain private and continue its growth journey. Crowdcube managed the employee seller and investor participation process.
Learn moreMatrix Claims Services, Ennis & Associates and Cardinal Claims Services have been acquired by HF
Matrix Claims Services, Ennis & Associates and Cardinal Claims Services have been acquired by HF Limited, expanding its presence in Dublin and enhancing its insurance claims management and defense litigation offering. Together, the businesses create a scaled platform capable of supporting insurers throughout the claims lifecycle.
Learn more