Alternative Credit Investments Explained

Alternative Credit Investments, formerly Pollen Street Secured Lending and, before that, P2P Global Investments, is a British investment trust. The company invests in consumer and small and medium-sized enterprise loans and in corporate trade receivables. Launched in May 2014,[1] [2] the company was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index. The chairman is Stuart Cruickshank.[3] On 17 September 2019 the company changed its name from P2P Global Investments plc to Pollen Street Secured Lending plc,[4] and on 20 October 2020 the company changed its name to Alternative Credit Investments plc.[5]

In November 2020, Waterfall Asset Management made an agreed offer to acquire the company.[6] On 11 March 2021 the High Court sanctioned the company's GBP 639.2 million takeover by US-based Waterfall Asset Management. Its shares in London were suspended on 15 March 2021 and delisted the day after.[7]

External links

Notes and References

  1. Web site: 2014 Announcements. 12 May 2018.
  2. Web site: P2P GLOBAL INVE share price (P2P) . London Stock Exchange . 2014-05-30 . 2018-04-26.
  3. Web site: Directorate Change - Regulatory News, RNS - London South East . Lse.co.uk . 2018-04-26.
  4. Web site: Change of Name, TDIM and Website - RNS - London Stock Exchange. www.londonstockexchange.com. 2019-10-20.
  5. News: Pollen Street Secured Lending unveils new name. 20 October 2020. P2P Finance News. 29 April 2021.
  6. News: Timetable revealed for Waterfall acquisition of Alternative Credit Investments. 25 November 2020. P2P Finance News. 29 April 2021.
  7. News: Alternative Credit Investments takeover sanctioned by court. 11 March 2021. Morningstar. 29 April 2021.