Michelmores has advised The Mortgage Brain, a leading UK mortgage and insurance broker, on the sale of a 25% stake in the business to The Better Homes Group, the largest mortgage broker in South Africa.
The strategic investment represents a key milestone in The Mortgage Brain’s continued growth and development, providing the business with additional resources and expertise to support its expansion plans in the UK market.
Michelmores acted as legal adviser to the shareholders of The Mortgage Brain on all aspects of the transaction. The transaction was delivered in conjunction with Hazlewoods’ M&A Advisory team who provided corporate finance advice to the shareholders and was lead by Pete Muldrew.
The Michelmores team advising on the deal was led by Corporate Partner, Adam Kean, alongside Senior Associate, Ben Adams, Managing Associate (Banking) Danielle Collett-Bruce, Senior Associate (Commercial and Regulatory) Sam Kewellhampton and Associate Harry Jones.
Adam Kean comments:
“We were pleased to advise The Mortgage Brain on this transaction and to work alongside Hazlewoods in achieving a successful outcome. The investment by The Better Homes Group marks an exciting next chapter for the business as it continues to grow and innovate within the mortgage and insurance sectors and delivery of this transaction underlines the depth of knowledge in Financial Services which we are able to utilise in complex regulated transactions.”
Enzo Mora, founder of The Mortgage Brain, added:
“Adam, Ben and the wider team at Michelmores provided exceptional support throughout the process. Their guidance was invaluable in helping us to navigate the complexities of the transaction and secure the right strategic partner for our future growth.”
Michelmores’ award-winning Corporate team of specialist lawyers advises clients across the UK and beyond – on capital markets, mergers and acquisitions, management buyouts, impact investing, energy projects, microfinance initiatives and more. Read more about the Firm’s Corporate team here.
