04 05 2016

Mortgage Advice (Bureau) Holdings plc's £27 Million block trade sale

BLP has advised Canaccord Genuity (joint bookrunner) and Zeus Capital (joint bookrunner and Nominated Adviser) on a £27m block trade sale by existing management shareholders of AIM-listed Mortgage Advice (Bureau) Holdings plc


Mortgage Advice Bureau Limited operates as a mortgage broker. The company offers financial and mortgage advice for lifestyle and income protection cover and aspects of property-related lending including help to buy, buy-to-let, and affordable housing schemes. The block trade to institutional investors, managed by Canaccord and Zeus, saw certain existing Board members and executive management of Mortgage Advice Bureau sell part of their respective shareholdings following the expiry of selling restrictions imposed in connection with the Company’s IPO in November 2014 (on which BLP also advised Canaccord Genuity). The BLP team was led by Corporate Finance Partner Nick Myatt (Picture) with assistance from Associate Patrick Lilly and Trainee Solicitor Xian Wei Yeo. Corporate Finance partner Bobby Schrader provided US securities law advice. Involved fees earner: Nicholas Myatt - Berwin Leighton Paisner; Patrick Lilly - Berwin Leighton Paisner; Bobby Schrader - Berwin Leighton Paisner;

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