Acorn Mortgages Limited and Structura Limited have announced their intention to merge with effect from 1st November 2016, subject to regulatory approval. The merged entity will trade as Structura Limited and offer a portfolio of global financing solutions spanning every asset class with particular focus on real estate, aviation, marine, high value and classic cars and business finance. Acorn Finance will continue to trade as a separate company and assist the ongoing development of Structura Limited through synergies within their respective client bases.
Commenting on the merger, Group CEO for Acorn Richard Harrop says: “We launched Acorn Mortgages in 2006 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 adds: “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.”
The merged entity will remain an independent broker and private lending business in the Jersey market. This independence enables the business to facilitate negotiations with a broad panel of professional lenders and tailor the most appropriate funding solution to meet a client’s needs.