The group’s transaction with Simply Lending is subject to customary closing conditions and comes as Pivotal Growth identified a growing demand for tailored residential lending advice.
CLS Money and Simply Lending are both specialist mortgage advisory firms that deal with complex and adverse credit cases, helping residential clients secure suitable finance.
Both firms have more than a decade of experience in specialist lending advice and collectively generate more than £10m in annual revenue with over 100 colleagues combined.
Clayton Shipton, managing director of CLS Money, 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.”
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Adam Hinder, CEO of Simply Lending, 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.”
Mayank Prakash CBE (pictured), group CEO of Pivotal Growth, said: “CLS Money and Simply Lending are two of the UK’s most respected adverse credit mortgage advisers. 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.”
