Specialist finance packager Pink Pig Loans has rebranded to Truffle Specialist Finance. At the start of 2021, 100% of Pink Pig Loans’ shares were bought back by the management team and the business says the change of name is designed to move the firm onto its next level of development following the reacquisition.
Specialist Mortgage Group (SMG) has announced the sale of group firm, Pink Pig Loans, back to its management team.
After four years within SMG, 100% of the shares of Pink Pig Loans have now been acquired by James Rainbird, managing director of Pink Pig Loans for an undisclosed fee.
Specialist Mortgage Group, previously known as Y3S Group, includes the packager businesses Y3S Loans, Y3S Bridging & Commercial, Y3S Private Clients, B2B Financial, and Chaseblue Loans.
Rainbird said: “This deal is another notable event in the Pink Pig journey which started back in 2006.
“I am very excited about what lies ahead, and we venture into the future with confidence that this business is in great shape with a fantastic team of people who are totally committed to delivering an outstanding service to our clients, lenders and brokers.