15 September 2021
We have advised Better Holdco, Inc. (Better) on its acquisition of UK-based start-up Property Partner.
Better is one of the fastest-growing digital-first homeownership companies in the United States. It offers a convenient, digital one-stop-shop for homeowners that includes mortgage, real estate, insurance and appraisal services, and leverages an industry-changing technology platform.
This acquisition will help Better with its expansion into new markets and offer new product lines at the same time enabling the company to completely reimagine homeownership over a longer time horizon.
Better plans to become a publicly listed company later this year through its planned merger with a special purpose acquisition company (SPAC) in a deal that values it at $7.7 billion.
Commenting on the transaction, Corporate Partner Mark Barron, said: "Better is on a mission to make home ownership more accessible, convenient, and less expensive. It is one of the most ambitious, innovative companies for the future of homeownership and we share that forward-thinking perspective, making this deal particularly rewarding to work on."
The team was led by Corporate Partner Mark Barron, with support from Senior Associate Sarah Cole, Associate Harry Ruffell, and Paralegal Noelle Huang. The deal also involved lawyers from the following teams:
Financial Services & Competition
Charlotte Hill, Partner
Katie Fry-Paul, Associate
Arnav Gupta, Associate
Jessica Howard, Associate
Commercial Technology and Data
Sian Skelton, Partner
Matthew Ives, Senior Associate
Mary Rendle, Associate
Katie Davenport, Associate
Graham Samuel-Gibbon, Partner
Anna Humphrey, Partner
Megan Geiser, Trainee Solicitor
by Mark Barron and Paul Thorpe
by Mark Barron and Ed Chapman
by Alexandra Richardson and Sarah Cole