Select a region
Acorn Mortgages Limited and Structura Limited have announced their intention to merge with effect from 1st November 2016.
The merged entity will trade as Structura Limited and offer financing in every asset class, particularly real estate, aviation, marine, high value and classic cars and business finance. Acorn Finance will continue to trade as a separate company. The deal is subject to regulatory approval.
Commenting on the merger, Group CEO for Acorn Richard Harrop says: "We launched Acorn Mortgages in 2005 and have assisted numerous local businesses and families to realise their dreams of property ownership. The merger with Structura is an exciting development for our business and reinforces Acorn's commitment to organic growth in a very positive Jersey market."
Nathan Paterson, Director of Structura added: "At Structura we have quickly established our reputation for delivering complex lending solutions across all asset classes for high net worth individuals and businesses. We have worked closely with Acorn since inception and this merger is the perfect opportunity to combine skills, expertise and market knowledge for the benefit of both our shareholders and the broader Jersey community."
Comments
Comments on this story express the views of the commentator only, not Bailiwick Publishing. We are unable to guarantee the accuracy of any of those comments.