Sale of Private Equity backed Fluent Money to Mortgage Advice Bureau Plc
Deal typePrivate Equity & Transaction Services
IndustryFinancial Services & Technology & Media
Sub-industryTechnology
Client nameFluent Money
Sale of Private Equity backed Fluent Money to Mortgage Advice Bureau Plc
BDO has provided vendor financial due diligence on the sale Beech Tree Private Equity backed Fluent Money to Mortgage Advice Bureau.
The Mortgage Advice Bureau completed the acquisition of technology enabled loan broker Fluent Money. Fluent Money, backed by Beech Tree Private Equity, is a fast growing digital firm that specialises in secured loans, mortgages, unsecured, bridging as well as home and life insurance. The model provides an end-to-end digital customer journey supported by telephony advice.
BDO provided vendor due diligence services as part of the transaction.
The BDO project team included: Chris Heatlie and Stephen Moorcroft.
BDO has provided vendor financial due diligence on the sale Beech Tree Private Equity backed Fluent Money to Mortgage Advice Bureau.
The Mortgage Advice Bureau completed the acquisition of technology enabled loan broker Fluent Money. Fluent Money, backed by Beech Tree Private Equity, is a fast growing digital firm that specialises in secured loans, mortgages, unsecured, bridging as well as home and life insurance. The model provides an end-to-end digital customer journey supported by telephony advice.
BDO provided vendor due diligence services as part of the transaction.
The BDO project team included: Chris Heatlie and Stephen Moorcroft.
"BDO went above and beyond to prepare detailed vendor due diligence reports across two phases to a tight deadline which enabled us to demonstrate the growth trajectory of each individual business unit, some of which were historically impacted by Covid-19, and others which were newer business streams. In a competitive auction process BDO was able to prepare and present detailed analysis which helped potential bidders to understand our run rate methodology and the key drivers of underlying earnings and NWC. The team was highly responsive, providing support and advice throughout and understood what investors would focus on. We would have no hesitation in recommending BDO in the future."
Mark Kilgallon, CFO, The Fluent Money Group Limited