8 January 2021
We have advised Hometrack (part of the Zoopla Property Group) on the acquisition of the mortgage lending solutions arm of EDM group.
Hometrack is the leading provider of automated valuation models and portfolio insight in the UK and Dutch property markets. Founded in 1999, Hometrack provides over 85 million automated valuations each year and is used by major mortgage lenders, housebuilders and government bodies. Hometrack is a part of Zoopla Property Group, the UK's most comprehensive property destination.
The acquisition will allow Hometrack to expand the breadth of its offering to customers to become a provider who can partner with mortgage lenders to manage and optimise every step of the property risk process.
Amelia Guilfoyle, GC of Zoopla Property Group said: "It's an exciting acquisition for us, and our first with Taylor Wessing. Ed, Alex, Sian, Helen and their wider teams provided comprehensive and commercial advice throughout. Their deep strength in the technology sector coupled with their thorough and responsive M&A advice proved them to be absolutely the right choice of partner firm."
Private equity partner Ed Waldron said: "This was a great deal on which to build our relationship with Hometrack and Zoopla; we really enjoyed working with the legal and wider teams on a deal which will see Hometrack strengthen their market position and offering to customers."
Our team was led by Ed Waldron, with support from:
by multiple authors
by Charlotte Hill and Shane Gleghorn