Law firm Foot Anstey has advised London-headquartered Quilam Capital on a £70m investment in Pivot Lending.
The South West-based organisation, which has offices in Plymouth, Bristol, Exeter, London, Southampton, Taunton and Truro, primarily advised on the equity aspects of Quilam's investment. Established in 2017, Quilam Capital is an investor specialising in the speciality and alternative finance sector. Quilam Capital’s investment in Pivot Finance is part of a £70m funding package alongside Foresight Group LLP.
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Pivot Finance, headquartered in London, is a specialist real estate lender focusing on the development finance market, offering short-term lending facilities secured against real estate assets in England and Wales.
The Foot Anstey team included Matthew Stoate (head of corporate and private equity), Dominic Cromwell (managing associate), David Jones (solicitor) and Benjamin Smith (solicitor).
Mr Smith said: “I have thoroughly enjoyed my time at Quilam and most recently helping them deliver their strategic investment in Pivot. It has been a great investment for all parties and I look forward to seeing Pivot’s growth trajectory following Quilam’s capital deployment.”
Alex Scott, director at Quilam Capital, added: “Having worked with Foots now for many years they have come to be a pivotal and trusted advisor to Quilam. The deep technical experience in the team comes balanced with a pragmatism and commercial approach, which we really value.
Mr Cromwell said: “We’re very pleased to have been trusted once again to help Quilam Capital in their investments. It’s been an exciting period for Quilam Capital following on from the success of the investments in Raylo, Momenta Finance and Tandem Bank.”
