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Cheval confirms acquisition

Grant Bather

June 15, 2006

Credit Investments represents a partnership between Colin Halpern, and Ellis Sher who spent seven years at Investec Bank developing and expanding the Bank’s private client structured finance capabilities.

Cheval, which has established itself as one of the leading bridging finance lenders since it opened for business in 1995, is enjoying a record year on the back of its high profile efforts to establish an industry trade body, based on its own code of conduct, its commitment to regulation and total business transparency.

Benson Hersch, Managing Director of Cheval, commenting on the acquisition, said, “This is great news for Cheval and its customers. We have reached a level where further growth needs additional capital to develop the business. We could have continued to grow organically, but with Credit Investments now behind us, we have the backing to build a commanding position in this important market segment.”

Ellis Sher, Director of Credit Investments, added, “We are delighted to be involved with a dynamic company like Cheval. We have been particularly impressed with its long term plans and the energy and expertise of its staff. We have ambitious plans for the business and the sector and believe that the combination of a capital infusion, our active involvement and Cheval’s outstanding management team will mean that Cheval can take its place as the premier brand in the bridging marketplace.”


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