A provider of tech-enabled conveyancing services has secured a significant investment from private equity investors, Livingbridge, in a deal that will support its future growth.
Simply Conveyancing Property Lawyers, founded in 2000 by Ashley and Susan King, has become one of the fastest growing conveyancing companies in the UK. It is the first property law firm to integrate Alexa, using voice recognition to allow customers to request quotes, monitor transaction progress and ask questions about the process.
FRP Advisory’s corporate finance team acted as lead advisors to the shareholders of Simply Conveyancing as part of the deal, which will enable the business to continue on its growth trajectory and enhance its market-leading technology. This, paired with investment in technology and staff development, will further enhance the services on offer.
Matthew Flower, Corporate Finance Partner at FRP Advisory in London, says: “Simply Conveyancing is an ambitious business and the team has been incredibly receptive to our support and advice throughout the process of securing investment from Livingbridge.
“The business now has the financial backing needed to continue investing in its leading technology and smart processes. It has a true focus on customer service to deliver a first-class model that is ideally placed for future growth, and we wish the management team and all those involved in the business continued success going forward.”
Ashley King, Founder and CEO of Simply Conveyancing, adds: “We have greatly enjoyed working with the team at FRP during this process and their professionalism and dedication to achieving the right result was key to this. Their guidance and pragmatic advice, whatever the situation, was highly valued by everyone at the company and was a vital part in achieving a great outcome for all those involved.”
Matthew Flower, Corporate Finance Partner at FRP Advisory in London, led the deal with support from Manager Dani Patel and Assistant Manager Robbie Wirdnam.
The shareholders were also advised by Charles Russell Speechlys (Legal advisers) and Simmons Gainsford (Accounting and tax adviser).
