Foot Anstey advises Quilam Capital on sale of shareholding in Tuscan Capital to Allica Bank

National law firm Foot Anstey has advised longstanding client Quilam Capital on the sale of its shareholding in bridging lender, Tuscan Capital, to Allica Bank.

The Foot Anstey team was led by Principal Director Dominic Cromwell and Associate Benjamin Smith.

Commenting on the transaction Benjamin said: "We're pleased to have supported Quilam and played a role in this strategic transaction. This marks another important milestone in Quilam's journey which we continue to enjoy being a part of."

Jordan, Quilam Capital Partner, added: "We're proud of what we have built with Tuscan and look forward to seeing the continued success of the team under Allica’s leadership. Thank you to the Foot Anstey team for once again providing expert guidance throughout the transaction."

This acquisition marks Allica Bank's first entry into the bridging finance market. The transaction will see Tuscan Capital's experienced team integrate into Allica Bank, leveraging Allica's funding base and award-winning distribution network.

Tuscan Capital was founded in 2018 and has been backed by Quilam ever since. Tuscan quickly saw success, being named Best Newcomer at the Bridging & Commercial Awards in 2019, and developed a reputation for service and speed.