Elliott Advisors, the feared activist investment fund, has agreed a £350m swoop on Enra Group, a specialist UK provider of mortgage finance.
Sky News understands that Elliott, which was founded by Paul Singer, one of Wall Street’s most prominent figures, is close to announcing the acquisition of the Watford-based company.
The company, which is run by chief executive Danny Waters, provides a range of financing products to homeowners as well as professional property investors, developers and landlords.
Read more: Sky News
