Fenchurch is pleased to have advised Cabot Square Capital on the sale of LDF to White Oak Global Advisors.

LDF is one of the largest independent finance providers for SMEs in the UK, catering to over 10,000 clients across a diversified set of industries.

Richard McDougall, Partner at Cabot Square Capital, commented: “Fenchurch fielded an experienced, highly committed and knowledgeable team with a good understanding of the industry and market participants. They provided high quality advice throughout the process and took a thoughtful approach to positioning the LDF business and the structure of the sale process, which resulted in a great outcome for the business and its shareholders.”

Fenchurch is pleased to have advised Computershare on its acquisition of UKAR’s mortgage servicing platform. The transaction also involves Computershare being appointed on a seven-year contract to service UKAR’s £30bn of mortgages. In addition, Computershare has entered into separate long-term contracts for the servicing of £11bn of assets purchased by Cerberus from UKAR in November 2015.

Founded in 1978 and listed on the Australian Securities Exchange since 1994, Computershare is a specialist provider of outsourced financial and governance services across 22 countries on five continents. It employs more than 15,000 people worldwide and has a market capitalisation of AU$5.5bn.

Naz Sarkar, CEO of Computershare UCIA, commented: “We were delighted to have Fenchurch acting for us on this highly strategic transaction. They provided a very wellresourced team that ably supported us throughout a long and complicated process with deep knowledge of the business, detailed analysis and thoughtful advice.”

Fenchurch is pleased to have advised Investec on the sale of its intermediary mortgage lending business Kensington to Blackstone and TPG for £180m.

Kensington had £3.7bn gross assets and £165m tangible net assets as at 31 March 2014. Investec’s £1.4bn funding line to Kensington is to be repaid entirely at completion.

The sale forms part of Investec's strategy to simplify and reshape its specialist banking business and substantially reduces the assets within its legacy non-core business. The sale proceeds will be deployed in Investec’s UK specialist banking operations.

Bernard Kantor, Managing Director, Investec, commented: “Fenchurch demonstrated outstanding execution skills and provided clear advice to help us deliver this complex transaction from a value and funding perspective. We were particularly impressed with the commitment of the senior team who were intimately involved throughout the process.”