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U.K. Lender Together Financial Weighs $1.4 Billion Sale

Together could be valued at 1 billion pounds if it agrees deal
Challenger bank is working with Rothschild on exit options

Photographer: Simon Dawson/Bloomberg

By

Jan-Henrik Foerster and

July 14, 2021, 1:04 PM UTC

Together Financial Services Ltd., a U.K. lender focused on mortgages and secured loans, is weighing a sale that could value the business at around 1 billion pounds ($1.4 billion), according to people familiar with the matter.

Rothschild is advising the lender on options that also include an initial public offering, according to the people, who asked not to be named as the details aren’t public. Together could attract interest from established lenders, the people said.