Shawbrook Bank Limited is a retail and commercial bank in the United Kingdom. It is an operating entity of Shawbrook Group plc which was listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pa ...

until it was acquired by a consortium led by

BC Partners BC Partners is a British international investment firm with over $40 billion of assets under management across private equity, credit and real estate in Europe and North America. Its global headquarters are in London. The firm invests across all ...

and Pollen Street Capital in July 2017.

History

The bank launched in 2011 after private investors led by RBS Equity Finance, which was later spun off from

the Royal Bank of Scotland Group NatWest Group plc is a British banking and insurance holding company, based in Edinburgh, Scotland. The group operates a wide variety of banking brands offering personal and business banking, private banking, investment banking, insurance and ...

and became Pollen Street Capital, bought Whiteaway Laidlaw Bank from the

Manchester Building Society The Manchester Building Society is a building society which offers savings accounts via its branch in Manchester City Centre at 125 Portland Street, Manchester, England It is a member of the Building Societies Association The Building Societi ...

. Whiteaway Laidlaw Bank rebranded as Shawbrook Bank in October 2011. Singers Asset Finance was acquired in March 2012 and then rebranded as Shawbrook Asset Finance in March 2013. The bank acquired asset based lender Centric Commercial Finance in June 2014 and subsequently rebranded it as Shawbrook Business Credit. The bank was the subject of an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

in April 2015, raising £90m of cash to support the capital position and future growth. A consortium led by

and Pollen Street Capital acquired the business for £868 million in July 2017.

Operations

The bank offers loans to small and medium-sized businesses which are unable to obtain finance from the main commercial banks.

References

External links

* {{Commercial and retail banks in the United Kingdom Companies based in Brentwood, Essex Banks of the United Kingdom Banks established in 2011 2011 establishments in the United Kingdom