Our client manages over 100 residential property blocks consisting of some 2,000 flats in London and the South East, improving services and harmonising the needs for the benefit of their freeholders, leaseholders and developers.
They also have an in-house legal capability and this helps to resolve issues much faster than normal whilst also generating fees for the business.
We have been working with this business for more than a year, helping to finance a number of bolt-on acquisitions. The current opportunity was identified by the management team and we were delighted to be asked to assist.
We introduced our client to a number of investors and funders and the group received a number of attractive offers. The group decided to accept the offer from one particular investor as the chemistry between them felt right – a factor that is of utmost importance as we advise our clients.
Since our funding raise, they have received approval from the Solicitors Regulation Authority and we are pleased to report that they are now a fully approved law firm. The business has gone from strength to strength providing property management and legal support to building owners. Following their third acquisition in 2017, the group now has 5,000 units under management, covering Commercial Property Management, Residential Block Management and Student Accommodation. From the acquisition of this new property they expect to generate additional profits of at least £600,000 per annum. Further acquisitions of similar quality have been identified and we will continue to raise funds so that our client can add to their proven business model.
We’re delighted to have brought our client together with this particular private investor – they are a good fit and will work well together. This group is growing very rapidly and having reached critical mass, will be generating substantial profits shortly. There are more deals in the pipeline and we hope to be presenting new opportunities in the near future.
Associate
B Y Consulting
