U.K. Lender Together Financial Weighs $1.4 Billion Sale
(Bloomberg) -- Together Financial Services Ltd., a U.K. lender focused on mortgages and secured loans, is weighing a sale that could value the business at around 1 billion pounds ($1.4 billion), according to people familiar with the matter.
Rothschild is advising the lender on options that also include an initial public offering, according to the people, who asked not to be named as the details aren’t public. Together could attract interest from established lenders, the people said.
Together reported growing underlying profit before tax of 44 million pounds for the quarter ended March 31. The firm said at the time that specialist mortgage volumes continued their recovery toward pre-pandemic levels.
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