Travers Smith LLP has advised Cerberus Capital Management, L.P. on regulatory aspects of its affiliate's acquisition of Lendco Limited ("Lendco") from Cabot Square Capital ("Cabot") and minority shareholders. The transaction was signed on 13 April 2026 and is expected to complete in the coming weeks.
Lendco is one of the UK's fastest-growing specialist Buy-to-Let and Bridging lenders. Since its establishment in 2018 as a strategic joint venture between Cabot and SPF Private Clients, Lendco has lent nearly £3 billion and is currently marketing its seventh securitisation under its Atlas funding programme.
The Travers Smith team was led by Alternative Asset Management Partner Nick Glynn, with support from Alternative Asset Management Partner Michael Raymond and Associate Emily Collett.
This transaction further demonstrates Travers Smith's expertise in advising leading global alternative investment firms on complex acquisitions in a UK specialist market.
