National law firm Shoosmiths has advised online estate agent Emoov on its merger with Tepilo, fellow online estate agent founded by TV presenter, Sarah Beeny - creating the UK's second-largest digital estate agency in the process.
The merger, which also includes recently acquired online letting agency, urban.co.uk, involved securing £15 million funding from existing and new shareholders, plus additional investment from Channel 4 and Northern & Shell, via Sky.
The Shoosmiths team was led by corporate partner Amit Nayyar, senior associates Claire Checketts and Simon Procter and solicitor Sarah Maddock.
Amit said: "We are very pleased to have helped our client to become one of the biggest players in this highly competitive market and this will no doubt lead to an exciting future for the newly merged company."
Emoov CFO Frank McGlade, who will be part of the new company's management team, said: "Shoosmiths' legal advice on what represented a major, strategic push for Emoov has been second-to-none and this is a really exciting time for all those involved."
The new group will be headed by Emoov's chief executive Russell Quirk, and the management team will also include CFO, Frank McGlade (formerly Just Eat) chief marketing officer Lucy Milne (formerly Just Eat and EE), chief operating officer Guy Halfhead (formerly Bookatable.com), chief technology officer Ivan Ramirez (formerly Groupon), and director of lettings Adam Male, from Urban.
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This information is for educational purposes only and does not constitute legal advice. It is recommended that specific professional advice is sought before acting on any of the information given. © Shoosmiths LLP 2024.