July 2017

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

What our clients say

  • “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
  • “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
  • 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
  • “We have thoroughly enjoyed working with the Cavendish team. Caroline, Andrew and Eimear offered us unstinting support and valuable advice throughout the transaction. They were instrumental in helping us achieve this...

    Mark Rijkse | Shareholder and director of SMA
  • “We made absolutely the right choice in appointing Cavendish. Michael Jewell and the team were instrumental in getting us the deal we wanted. I would have no hesitation in recommending them to anyone thinking about a sales...

    Titus Sharpe | CEO of MVF
  • “Cavendish handled the transaction with elegance and efficiency. They were proactive, everything kept to time and we completed as planned, less than six weeks after agreeing the heads of...

    Rupert Morley | CEO of Sterling Relocation
  • “TM Capital and Cavendish worked seamlessly to evaluate the best possible alternatives for 2Touch and navigate the complexities of a cross-border corporate divestiture to deliver a successful outcome for all parties. We appreciate the senior level commitment from TM and Cavendish and their relentless dedication in completing this important...

    David Eisenberg | SVP Strategy and Corporate Development, Acxiom Corporation
  • “When looking for an advisor we decided we wanted someone who had specific experience in negotiating within the Private Equity space. It requires some additional skills to those needed in a trade sale and we were lucky to have found in Cavendish, a company that was able to help...

    Phillip Walter | CEO of Avantia and HomeProtect
  • “Thank you so much for the hard work you put into our sale. “We are delighted with the result both personally and for the company. We now have some work to do in maximising the benefits of the deal to both parties. Your support during the deal was excellent and helped us go through a process that was completely new to us. It seemed to go very smoothly and I know that much of that was due...

    Mike Shorthose|Chairman and Co-Founder – Helios

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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