Pivotal Growth has completed the acquisition of CLS Money and entered into a further agreement to acquire Simply Lending Solutions, subject to customary closing conditions.

The acquisitions, for undisclosed amounts, come amid growing demand for tailored residential lending advice.

CLS Money and Simply Lending are specialist mortgage advisory firms, collectively generate more than £10m in annual revenue, and now operate with a combined team of over 100 colleagues.

Pivotal said that together, the pair would bring more than a decade of specialist experience, as well as “strong lender relationships and a proven track record of organic growth”.

“CLS Money and Simply Lending are two of the UK’s most respected adverse credit mortgage advisers,” commented Pivotal CEO, Mayank Prakash.

“Their expertise, strong leadership teams and entrepreneurial cultures align closely with our strategy. We look forward to supporting both businesses as they continue to grow, and we are proud to welcome Adam, Clayton and their teams to the Pivotal family.”

Managing Director of CLS Money, Clayton Shipton, said: “CLS Money has grown steadily over many years by focusing on quality, expertise and relationships. We have invested heavily in our people and in understanding what specialist lenders really need. Joining Pivotal gives us the platform, technology and support to build on that foundation and accelerate our growth, while staying true to our values and the way we work.”

Simply Lending CEO, Adam Hinder, added: “Simply Lending and Pivotal already have a successful commercial partnership, and we are delighted to join the Group as we accelerate Simply Lending’s next phase of growth. Pivotal is the right home for our clients and colleagues, as we share the same values and a truly customer-obsessed mindset.”

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