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Tenn Capital Limited in Guernsey has acquired Oaklands Secure Lending Limited in Jersey, expanding the company’s reach across the Channel Islands.
Tenn Capital is a short-term lender, securing loans against real estate. Following the acquisition, Oaklands will be rebranding as Tenn Capital.
“This is an important milestone in the development of Tenn Capital,” said CEO of Tenn Capital, Matt Watson.
“Tenn has grown rapidly since we launched in 2021. We have a clear vision for the business and having a significant presence in Jersey is a key part of our ambitious growth plans.”
He said the current Oaklands team are “capable, experienced and motivated” and is confident that they’ll continue to deliver to customers in Jersey.
“The pace at which this deal completed highlights how aligned both businesses are. We are all delighted with the outcome and the exciting growth potential this provides,” he added.
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