You are here: Home - News -

Investors extend deadline for Shawbrook hostile takeover

  • 19/05/2017
  • 0
Investors extend deadline for Shawbrook hostile takeover
Private equity groups with their sights set on a hostile takeover of Shawbrook Bank have extended the offer period after confirming investor support of 45.1% of the bank’s shares.

The offer of £842.4m, which was rejected by Shawbrook’s board in March, will remain open until May 26, Reuters reported.

At the time the offer was made, analysts warned it represented an undervalue.

If the offer is accepted, it would see Pollen Street Capital, in partnership with BC Partners, buy back the bank it took to flotation in April 2015.

A report by Digital Look, said Pollen’s Marlin Bidco consortium would need to obtain valid acceptances of at least 50% to allow it to push through the takeover.

A spokesperson for Shawbrook said there was no further statement at this time.

Pictured: Shawbrook chief executive Steve Pateman

There are 0 Comment(s)

Comments are closed.

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
John Heron
Mortgage Trust launches five-year fix at 3.45%

Paragon Group brand Mortgage Trust has launched a limited edition, five-year fixed rate buy-to-let mortgage offered at 3.45% available to...