Pivotal Growth Limited, the joint venture between LSL Property Services Plc, and Pollen Street Capital, has made a strategic move into the employee benefits sector with acquisition of Radcliffe & Newlands Mortgages Limited.

Radcliffe & Newlands Mortgages, founded in 2006 and led by Managing Director, Jason Ransted, has built a strong reputation for offering tailored mortgage and protection insurance services to employees of large corporate clients. Its business model allows corporate partners to offer mortgage and protection advice as an employee benefit and has already led to collaboration with more than 100 businesses – which it is adding to continually.

Its ability to build and nurture long-term relationships with corporate HR teams – and in turn attract referrals from satisfied clients – supports this growth. The acquisition adds another specialism to Pivotal Growth’s expanding mortgage and protection portfolio offerings and further enhances its position in the market.

Untapped sector

Simon Embley (main image), CEO of Pivotal Growth, commented: “We are excited to welcome Radcliffe & Newlands Mortgages into the Pivotal Growth family. Radcliffe & Newlands Mortgages’ unique model, which integrates mortgage and protection advice as a corporate benefit, is an exciting and innovative service offering.

“This acquisition strengthens our market position and allows us to serve a sector that was previously untapped by the Pivotal group. We look forward to working with Radcliffe &Newlands Mortgages’ highly experienced team to grow and develop this new area of our business.”

The purpose of Pivotal Growth, which launched in April 2021, is to invest in growing profitable mortgage and protection brokerages and to help them build long term sustainable value.