The move will see Jonathan Samuels remain as CEO of Dragonfly Property Finance with him and the rest of the staff at the management business joining Octopus Investments as full-time employees
Octopus has invested in Dragonfly since its launch and has also worked with other lenders including Borro, Orchard and Moneybarn.
Simon Rogerson, CEO of Octopus Investments, said: “Jonathan first pitched this niche property lending business to us over four years ago. It was a bold and counter-cyclical business plan, but Octopus Investments prides itself on working with experienced and entrepreneurial-minded people.
“Since then the business has outgrown both our and Jonathan’s most ambitious hopes. As part of this acquisition, we welcome Jonathan and his employees to the Octopus team.”
Jonathan Samuels, CEO of Dragonfly Property Finance, said: “Octopus are a fantastically successful asset manager with over £3bn funds under management. Octopus are market leaders in innovative tax solutions and have a very entrepreneurial and dynamic mindset.
“I personally look forward to becoming part of the team driving the business forward.”
