Centrus advises Riverside on Impact merger

Centrus advises Riverside on Impact merger

Centrus has underlined its already strong credentials in advice around housing sector mergers & acquisitions by advising Riverside Group on its partnership with Impact Housing Association. Centrus was appointed by Riverside to support the development and implementation of the treasury strategy and lender engagement process relating to the merger.

Impact Housing Association officially became a subsidiary of The Riverside Group on Monday 20 August 2018, following a vote by the association’s shareholders, ending a period of uncertainty over the future of the 2,770 home Workington-based housing association.

The advice provided by Centrus to Riverside spanned portfolio valuation & analysis, business planning and financial covenant implications and consideration of Riverside Group financial support to Impact.

This mandate further reinforces Centrus’ leading role in housing M&A, including situations where regulatory intervention has led to subsequent merger, including advice to Places for People (Luminus), Places for People (Derwent) and Wales & West (Cantref).

 

About Centrus

Centrus is widely recognised as the leading specialist independent treasury and corporate finance advisor to the housing association sector in England, Wales and Ireland. Centrus has been engaged by approaching 100 housing associations, including 12 of the G15 and many leading national and regional providers, as well as smaller locally focused and specialist operators. Our advice is delivered by a specialist team which includes renowned experts in debt capital markets, banking, derivatives, financing strategy and risk management. We have been involved in many of the key market developments and ground-breaking financing transactions as well as supporting our growing client base with ensuring their treasury platforms generate value for money combined with prudent risk management.

 

For more details, please contact:

Paul Stevens, Managing Director

John Tattersall, Director

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