According to Sky News, the firm is being advised by Rothschild and the size of the stake to be sold is under consideration.
The report said private equity firms Cinven and Warburg Pincus had expressed an interest in acquiring a stake in the specialist lender. Both firms declined to provide a statement to Specialist Lending Solutions.
This follows news from last July, when Bloomberg reported that Together had valued itself at £1bn in preparation for a sale or initial public offering (IPO).
The latest report suggests this figure could be higher at around £1.7bn to £2bn, giving the maximum 49 per cent minority share a value of more than £800m.
The lender’s most recent full-year results for 2021 showed its profit before tax rose 59 per cent from £94.6m to £150.3m.
For the three months to December 2021, Together’s Q2 period for the financial year 2022, its loan book increased by 13.8 per cent to £4.4bn. During the same period, its profit before tax rose quarterly from £38.8m to £43m.
Together and Rothschild both declined to comment when approached by Specialist Lending Solutions.