Cain International to invest £400m in Fortwell Capital

Cain International is to invest £400m into Fortwell Capital, the lending business formerly backed by Christian Candy’s CPC Group. Cain specialises in large ticket lending whereas Fortwell generally issues loans of £50m or less. In addition to the £400m of investment into Fortwell, Cain has also bought a portfolio of around £80m from the business. Executive director Dan Smith and managing director Arthur Jennings completed a buyout from CPC Group in April. Fortwell lends across all sectors but specialises in residential and across a range of UK cities but in London and the South East in particular. Fortwell will move to Cain’s offices on Davies Street, W1 but will continue to operate under the Fortwell brand. Smith said: “Our partnership with Cain International is a huge endorsement of Fortwell Capital’s success in positioning the business as a leading alternative real estate lender in the UK. It will propel us forward, providing the funding to allow Fortwell to continue to finance and work with developers to unlock complex projects throughout the market cycles.” John Cole, managing principal at Cain International and head of the firm’s global debt business said: “Fortwell Capital is an extremely well run and successful specialist debt provider, with a proven track record of success. “Joining forces enables us to continue offering larger, more complex financings through Cain International, while also entering the specialist market for small and medium sized loans under the Fortwell brand. Together, we will now provide access to real estate finance for developers across the full spectrum of loan sizes and products.” To send feedback, e-mail david.hatcher@egi.co.uk or tweet @hatcherdavid or @estatesgazette