Alternative Credit Investments
{{Use dmy dates|date=April 2022}}
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,{{cite web|url=http://www.p2pgi.com/announcements#2014|title=2014 Announcements|access-date=12 May 2018}}{{cite web|url=http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00BLP57Y95GBGBXSSMM.html?lang=en |title=P2P GLOBAL INVE share price (P2P) |publisher=London Stock Exchange |date=2014-05-30 |access-date=2018-04-26}} the company was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index. The chairman is Stuart Cruickshank.{{cite web|url=http://www.lse.co.uk/regulatory-news-article.asp?ArticleCode=462ld7pr&ArticleHeadline=Directorate_Change |title=Directorate Change - Regulatory News, RNS - London South East |publisher=Lse.co.uk |access-date=2018-04-26}} On 17 September 2019 the company changed its name from P2P Global Investments plc to Pollen Street Secured Lending plc,{{Cite web|url=https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PSSL/14229818.html|title=Change of Name, TDIM and Website - RNS - London Stock Exchange|website=www.londonstockexchange.com|access-date=2019-10-20}} and on 20 October 2020 the company changed its name to Alternative Credit Investments plc.{{cite news|url=https://www.p2pfinancenews.co.uk/2020/10/20/pollen-street-secured-lending-unveils-new-name/|title=Pollen Street Secured Lending unveils new name|date=20 October 2020|newspaper=P2P Finance News|access-date=29 April 2021}}
In November 2020, Waterfall Asset Management made an agreed offer to acquire the company.{{cite news|url=https://www.p2pfinancenews.co.uk/2020/11/25/timetable-for-waterfall-acquisition-of-aci/|title=Timetable revealed for Waterfall acquisition of Alternative Credit Investments|date=25 November 2020|newspaper=P2P Finance News|access-date=29 April 2021}} 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.{{cite news|url=https://www.morningstar.co.uk/uk/news/AN_1615489656099990500/in-brief-alternative-credit-investments-takeover-sanctioned-by-court.aspx|title=Alternative Credit Investments takeover sanctioned by court|date=11 March 2021|newspaper=Morningstar|access-date=29 April 2021}}
References
{{reflist}}
External links
- [https://www.pollenstreetsecuredlending.com/ Official site]
Category:Investment trusts of the United Kingdom
Category:2014 establishments in the United Kingdom
{{UK-finance-company-stub}}