The equity release sector’s enormous long-term potential is well recognised, but strong growth over the past decade has been recently hit by rising gilt costs and the cost of living crisis. Royal London is hugely enthusiastic on the sector’s long-term prospects, and will be excellent funders of the business through the current period, allowing the Responsible Group to continue delivering scalable and innovative solutions within the sector.
The founders of Responsible Group were advised by BDO's M&A Financial Services specialists based in London.
"Delighted to have advised Steve Wilkie and Paul Starkey on the final chapter of their outstanding equity release business, and its journey into Royal London, a first class large scale owner to take it to the next level."
Duncan Chandler, Partner, BDO