Pine Brook has provided undisclosed financing to Belmont Green Finance Limited. UK-based Belmont Green is a new residential mortgage lender.
NEW YORK—January 19, 2016—Pine Brook, an investment firm focused on building businesses in the energy and financial services sectors, today announced it has led a Line of Equity financing arrangement for Belmont Green Finance Limited (“Belmont Green” or “the Company”). Belmont Green is a newly-formed company focused on creating a new residential lending business that will target under-served segments of the UK mortgage market.
Based in Egham, Surrey, England, Belmont Green will be led by industry veterans David Tweedy, who will serve as CEO, and Guy Batchelor, who will be Sales & Marketing Director. Tweedy, former Managing Director of Platform Home Loans, and Batchelor, former Managing Director, Corporate Business at Countrywide plc, will be joined by COO Lesley Sewell and CFO Will Howard Davies, both of whom bring significant industry experience to the Belmont Green team.
“Pine Brook is excited to partner with David, Guy, and the rest of the Belmont Green team in building an organization that will challenge the status quo by providing more attractive lending solutions to home buyers,” said Nicholaos Krenteras, Managing Director of Pine Brook’s financial services team. “The Belmont Green management team has an extremely deep understanding of the UK mortgage market, and we look forward to our successful collaboration.”
“Securing the right financial partner is critical to our future success, and Pine Brook brings the optimal mix of financial services knowledge and investment expertise,” said Tweedy. “In addition, the firm’s model of backing experienced management teams to build new businesses, as well as their experience in the UK, makes Pine Brook the ideal partner.”
Belmont Green marks Pine Brook’s fourth financial services investment in the UK, following The Car Finance Company Limited, Fidelis Insurance, and Vibe Syndicate Management.
About Pine Brook
Pine Brook is an investment firm that makes equity investments in new and growing energy and financial services businesses. Pine Brook partners with experienced entrepreneurs and talented management teams to build sustainable, profitable businesses. For more information please visit the company’s web site at www.pinebrookpartners.com.