Rightmove acquisition of Van Mildert Landlord & Tenant Protection Limited
We are delighted to have advised Rightmove on their acquisition of Van Mildert Landlord and Tenant Protection Limited - a company which provides tenant referencing services and rent guarantee insurance products.
The acquisition by Rightmove will strengthen their tenant passport proposition and Rightmove’s vision of servicing the under-served rental marketplace. The tenant referencing firm is set to carry out 200,000 references on behalf of clients this year alone.
The transaction is subject to FCA change of control regulatory approval and is anticipated to complete by 31 October 2019.
Robyn Perris, Finance Director at Rightmove said:
“It was a pleasure working with the EMW corporate team on our recent Van Mildert acquisition. Their dedication, strong understanding of our business needs and commercial advice were vital in getting the transaction over the line as smoothly as possible within a tight timescale”.
About the acquisition, Peter Brooks-Johnson, CEO of Rightmove said:
“We’re looking forward to welcoming Van Mildert, a highly respected tenant referencing company, to the Rightmove family. We believe the combination of Rightmove’s unrivalled reach and Van Mildert’s products and operational experience will augment the Rightmove Tenant Passport, helping in our quest to make renting a property faster, easier and more efficient for tenants, landlords, and agents alike.”
Commenting on the deal, Simon Arkell, Principal in our Corporate team says.
“We are delighted to have acted for Rightmove on this acquisition. Rightmove are always a pleasure to deal with and this was an important deal with an ambitious timetable on which we delivered. The acquisition presents a great opportunity for both Rightmove and Van Mildert, who we look forward to working with in the future.”
Our corporate team advise companies, management teams, investors and debt providers from business start-ups and first round finance agreements through to mergers and acquisitions, management buy outs and then selling. To find out more about us, please click here.
For more information on this deal, please contact Simon Arkell, or you can give us a call on 0345 070 6000.