Bridging lender sells off minority stake

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MT Finance has revealed that an American investment company focusing on fixed-income investments has become a minority shareholder in the business having exercised warrants obtained in 2017.

The identity of the shareholder has not been revealed.

MT Finance was established in 2008 by co-founders Joshua Elash and Tomer Aboody.

Elash (pictured) said: “We look forward to welcoming this outstanding institution as a shareholder. The cementing of this relationship will serve MT Finance well in the coming years as we continue to achieve our objectives of being an ESG-focused, multi-solution, financial institution.”

Nick Parkhouse of EY who advised on the transaction creating the warrants, added: “This is another validation of the growth strategy MT Finance put in place in 2017 to become the leading property lender in the UK. I am confident there will be further and continued exciting news coming from the company in the not-too-distant future.”

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