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ENRA Group

The deal

Investing in a leading provider of specialist mortgage finance

Undisclosed

Deal size, February 2017

Fund III

Current investment

The teams

Management Team

Chair: David Stewart

CEO: Danny Waters

The story

ENRA Group is a specialist provider of mortgage finance, lending and brokering short term bridge mortgages, as well as distributing specialist second charge and buy-to-let loans.

When Exponent acquired a majority stake in the business from management and Livingbridge, we worked closely with the incumbent team led by CEO Danny Waters, and introduced Operating Chairperson David Stewart, who had previously acted as CEO of Coventry Building Society.

We were attracted to ENRA Group because of its bespoke manual underwriting process, and the opportunity to work with the team to build the business into new product areas.