Challenger financial institution Redwood to go public as Rowland engineers R8 tie-up
The outstanding financier Jonathan Rowland is to take the challenger financial institution he co-founded six years in the past onto the London inventory market by a reverse takeover of one other enterprise arrange by his household.Sky News has learnt that Mr Rowland, who has floated plenty of company automobiles within the City, has orchestrated a deal to mix Redwood Bank, a lender to companies, with R8 Capital Investments, a money shell.
Insiders stated a reverse takeover of R8 by Redwood Bank was anticipated to be introduced on Monday morning.It is anticipated to hunt within the area of £20m of latest capital from traders as a part of the deal, which is anticipated to be earmarked for the long run development of the financial institution.R8 was beforehand referred to as Mod...