Alternative Credit Investments (LSE: ACI), 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]
References
edit- ^ "2014 Announcements". Retrieved 12 May 2018.
- ^ "P2P GLOBAL INVE share price (P2P)". London Stock Exchange. 30 May 2014. Retrieved 26 April 2018.
- ^ "Directorate Change - Regulatory News, RNS - London South East". Lse.co.uk. Retrieved 26 April 2018.
- ^ "Change of Name, TDIM and Website - RNS - London Stock Exchange". www.londonstockexchange.com. Retrieved 20 October 2019.
- ^ "Pollen Street Secured Lending unveils new name". P2P Finance News. 20 October 2020. Retrieved 29 April 2021.
- ^ "Timetable revealed for Waterfall acquisition of Alternative Credit Investments". P2P Finance News. 25 November 2020. Retrieved 29 April 2021.
- ^ "Alternative Credit Investments takeover sanctioned by court". Morningstar. 11 March 2021. Retrieved 29 April 2021.
External links
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