Paragon Banking Group PLC (LSE:PAG) acquired Titlestone Property Finance from Oaktree Capital Management, L.P. for £48 million on July 3, 2018. The team will be combined with Paragon's existing residential development lending activities under the leadership of Robert Orr, Managing Director of Titlestone and support services will be provided from Paragon's existing operations. For the year ended September 30, 2017, Titlestone Property Finance reported profit before tax of £0 million and had gross assets of £22.9 million.he acquisition of Titlestone is expected to have a favorable impact on the Paragon Banking Group 's cost to income ratio. The transaction is expected to enhance Paragon's post tax profits by a high single-digit percentage in its first full year. Houlihan Lokey, Inc. (NYSE:HLI) acted as financial advisor for Titlestone Property Finance Limited. Paragon Banking Group PLC (LSE:PAG) completed the acquisition of Titlestone Property Finance from Oaktree Capital Management, L.P. on July 3, 2018.