npil - asset warehousing, corporate and portfolio acquisitions

"The non-standard mortgage market is one of the fastest growing consumer lending sectors in the UK and is attracting the attention of a number of traditional lenders and other financial institutions. Mortgages plc has established an excellent platform in this market from which to build and we are delighted to have this opportunity to back such an experienced management team and to support their exciting growth plans for the business."




	THE DEAL NPIL invested in the Mortgages PLC Group (“Mortgages plc”) in December 2001, continuing its successful record of investment in the consumer finance sector. In September 2004 NPIL successfully exited Mortgages plc via a private sale. THE NPIL DIFFERENCE NPIL acquired an 88% shareholding in the business, with the remainder held by existing executive management. Our business plan was to provide additional working capital to finance expansion and strengthen the senior management team. In the three years under NPIL’s ownership, Mortgages plc has written over Ł1.5 billion of additional mortgage loans and successfully completed two additional securitisations, totalling over Ł500m. The business of the group also expanded with the acquisition of Genesis Home Loans (a branded mortgage lender/packager) and a 50% shareholding in Wow! Mortgages & Loans (a joint venture with Mortgageforce). THE BUSINESS Mortgages plc is a leading UK mortgage provider, specialising in non-conforming and impaired credit history customers. Visit the Mortgages plc Website