Enra Specialist Finance will merge its brokerages Vantage Finance and Enterprise Finance to create a new firm with “significant experience and scale” called Aria Finance. 

The parent group says the new combination will provide “best-in-class products, allows for greater knowledge sharing and collaborative working, and further enhances the services offered to intermediaries and their clients”. 

Aria Finance will be led by managing director Lucy Barrett, formerly of Vantage Finance.  

The group adds that Enterprise Finance managing director Harry Landy will retire after 21 years in the specialist finance industry. 

Aria managing director Lucy Barrett says: “We will continue to offer the same exceptional service that clients of both businesses have come to expect over the last 20 years, while providing access to a wider panel of lenders and a broader range of lending solutions.  

“By increasing our capacity and merging all of our knowledge, experience and expertise, we will be in the best position possible to cater to the funding requirements of brokers and their clients. 

“The specialist finance market is fast-paced and ever-changing, and the launch of Aria represents the next phase in our evolution, which will enable us to further enhance the products and services we offer. 

Enra, founded in 2002, owns broker firms Enterprise Finance, and Vantage Finance and specialist lender West One Loans. 

In March, Enra sold a majority stake of itself to the UK arm of investment fund Elliot Advisers for an undisclosed sum. 

Elliott acquired its part of the business from the lender’s management and Exponent Private Equity, which has owned Enra for five years but will now exit the business completely. 

In 2018, Enra bought Vantage from equity backer Chiltern Capital for an undisclosed sum