Hazlewoods M&A Advisory team is delighted to have advised The Mortgage Brain, a market-leading mortgage and insurance broker, on a strategic investment from The Better Homes Group.
The team supported the shareholders on the sale of a 25% stake in the business to The Better Homes Group, the biggest mortgage broker in South Africa.
The Mortgage Brain, which has its headquarters in Gloucester, was founded over 20 years ago by Enzo Mora. It has built a strong reputation for expert advice, outstanding customer service, and access to a wide network of lenders. It is a trusted name in the mortgage and insurance space and has just experienced its best ever 12-months of trading.
The transaction also marks a strategically significant step in The Better Homes Group’s move to strengthen its footprint in the UK market.
Hazlewoods M&A Advisory Director, Pete Muldrew, who led the transaction, said: “We are delighted to have advised the shareholders of the business on this strategically important cross-border transaction.
“The Mortgage Brain has built a leading reputation in the market and we are very pleased that they have found a strategic partner at an exciting period of growth and innovation for the business.”
Enzo Mora said: “Pete’s advice and guidance at every stage has been invaluable. Thank you for helping us to navigate the process.
“The Better Homes Group is South Africa’s largest mortgage broker, commanding 50% of the new-build market and 35% of the overall mortgage market.
“Their digital-first approach and strength in new-build lending are exactly the kind of capabilities we’re excited to bring into the UK and help The Mortgage Brain grow.”
Hazlewoods Corporate Finance team completed deals worth over £1.2 billion last year and is an Experian Top Five UK Financial Adviser.
If you are considering strategic options and would like to learn more about funding for growth or selling your business, please contact Pete Muldrew at pete.muldrew@hazlewoods.co.uk.