July 2017

  • Client : Property Search Group
  • Activity : Property Search Provider
  • Sector : Business Services
  • Acquired by: Property Information Exchange

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  • “We have greatly enjoyed working with Cavendish over the past few years. As a family owned business, we definitely needed good advice and we felt very well supported by the team at Cavendish. I never imagined we would end up with an Estonian buyer but it is clear that there is an excellent fit with PR Foods, which will be good for the business, our customers and suppliers and for Chris and...

    Andrew Leigh | Founder and Shareholder of John Ross Junior (Aberdeen) Limited
  • “This new investment and partnership is a very exciting opportunity for myself and our fantastic management team to both consolidate and nurture our existing long-term client relationships as well as attract and develop new clients. Many thanks to the Cavendish team who provided invaluable advice throughout the process and helped us achieve this great outcome for the...

    John Stevenson | CEO ACT Clean
  • Thank you so much for your efforts and teamwork in selling RPS! Your approach and process was vital to our successful sale of the Company. In particular, the initiation of a excellent and professional process enabled us to get the actual sales process launched and resourced effectively, which facilitated the smooth initiation of selling discussions in a thorough...

    Adrienne MacMillan | CFO Rapidscan Pharm Solutions Inc
  • “This marks a significant opportunity for our partners, customers and people as we become part of the global Kyocera family and continue the journey we started back in 1988. When looking for an advisor we wanted someone with an international network and experience of working with buyers both here and overseas. Cavendish had the expertise to facilitate the transaction and the support they...

    Andrew Harman | co-founder of Annodata
  • I’d like to warmly congratulate Jonathan Buxton, Michael Jewell and the team at Cavendish on the successful sale of Tristar Worldwide Ltd to the Addison Lee Group. I’d like to place on record our gratitude for their international reach, sound advice, good humour and professional service which was greatly appreciated by all parties. It was a real pleasure to work with them on this...

    Andy Nash | Chairman of Tristar Worldwide
  • The Cavendish Team, led by Michael Jewell, did an excellent job managing a well-orchestrated auction process and ensuring the smooth closing of the transaction in a timely manner. They were professional and easy to deal with throughout and committed to achieving a successful outcome for the...

    Rhian Griffith | Representative of the Shareholders at SG Court
  • The Cavendish team worked seamlessly with their international partners to find the right buyer and guide us through every step of the sale process. This is a great outcome for both the shareholders and ongoing management team. We would happily recommend Cavendish to other business...

    Ben Lane | Co-founder of ALC
  • “It was a great pleasure to be working with Cavendish again, following the Aurum sale process. The Cavendish team worked hard and were very committed to achieving the best result for the shareholders and then closing the deal. I am delighted to be partnering with Freshstream, who are the ideal partner to take Radley onto the next...

    Justin Stead | CEO of Radley
  • “This is an exciting deal for our business. Baird Capital’s experience and resources will be invaluable as we seek to further enhance our services and global reach. Baird’s deep understanding of the financial services industry and its global network will be valuable as we look to drive our growth both domestically and abroad. Our improved capabilities will also help us better serve our...

    David Vafai | Founder and CEO of bfinance

Cavendish Corporate Finance, the UK’s leading sell-side mid-market M&A firm, has advised Security Research Group plc (“SRG”) as the shareholders of Property Search Group (“PSG”), one of the UK’s leading property search provider, on its merger with Property Information Exchange (“PIE”), a leading online platform providing power legal solutions to the dynamic property marketplace. The merger creates the number one property search service and search data provider in the UK.

Cavendish Corporate Finance, which provided extensive advice during the marketing and selection of suitable partners for PSG, has a wealth of experience in financial services and property. Recent high profile transactions include advising on the sale of bfinance to Baird Capital, Dexion Capital Holdings to Fidante Partners, the funds management division of Australian investment company Challenger Limited, the sale of Resolution Property, the leading property investment company, to Chinese conglomerate Fosun International, and the acquisition of West One Loan Limited by Enterprise Finance.

John Farrugia, partner at Cavendish Corporate Finance, which advised SRG on the transaction commented:

“We are delighted to have advised the shareholders of PSG and to have found in PIE the right partner to enable the combined resources of the two companies to continue to expand in this competitive marketplace.  This merger will see PIE and PSG unlock significant synergies from their complementary geographical reach, and meet the growing demand for PIE’s and PSG’s unique offering.”

Caroline Belcher, partner at Cavendish Corporate Finance, also said:

“The residential conveyancing search market in the UK is estimated to be worth approximately £200 million per annum at current transaction levels.  With the UK government recently committing to stimulating high volume housebuilding for private ownership with mortgage lending and low interest rates forecasted to remain over the next number of years, is set to benefit from these positive factors and the corresponding continued growth in the number of housing transactions. The number of residential transactions per year is conservatively forecasted to increase to 1.1 million by 2019.  PSG’s unique offering, which combines a smart technology platform with direct and indirect channel partner relationships with thousands of Legal Practices, places the Group in a favourable position relative to its competitors. It’s extensive network coverage allows the Group to create and develop locally based relationships with Legal Practices throughout the country; a significant advantage over other incumbents in the market.”

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