Home Finance specialist Henry Moser weighs £2bn for Together takeover

Henry Moser weighs £2bn for Together takeover

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Sunday, April 17, 2022 4:28 PM

Together Financial Services has asked private equity firms to submit indicative offers this month, valuing the company at £1.5bn.

According to reports by Mark Kleinman for Sky Newsthe private consumer finance group is in talks about selling a minority stake, with Rothschild as an adviser to founder Henry Moser.

Moser is understood to be open-minded about the size of the minority stake that would be sold, but even a lower final valuation would net Moser and the company’s other shareholders a windfall of millions.

Bloomberg reported that Moser was considering a $1.4 billion sale last year.

He was on The Sunday Times Rich List in 2019, with his net worth estimated at £1.228 billion.

Established in 1974, Together is a specialty lender, offering short term financing, auction financing, personal, commercial and rental mortgages and secured loans.

It provides financing to a wide variety of clients, such as homebuyers, investors, real estate professionals, landlords and small businesses, and works with an extensive network of intermediaries, including brokers, accountants, lawyers, banks and financial advisors to provide their clients with the financing they need.

According to the company’s LinkedIn, it has more than 600 employees across the country.