easyProperty’s merging with estate agency group in £60m deal

K&L Gates has advised online estate agency business easyProperty on its merger with GPEA, the parent company of The Guild of Property Professionals and Fine & Country.

The transaction was structured by a combination of cash and equity and was backed by institutional multi-asset fund manager Toscafund Asset Management.

The merger allows the combined group to expand its offerings by enabling GPEA’s 5,000-plus existing members to target a greater range of property vendors through a monthly license.

K&L Gates LLP has advised easyProperty on the deal with a team led by relationship partner Paul Tetlow (picture) and also included corporate associates Robert Boughey and Kathryn Jarvis, corporate trainee Tom Dunn, tax partner Giles Bavister, tax senior associate David Jacob, licensing senior associate Andrew Gilchrist, and data protection associate Noirin McFadden.

Involved fees earner: Paul Tetlow – K&L Gates; Robert Boughey – K&L Gates; Kathryn Jarvis – K&L Gates; Giles Bavister – K&L Gates; David Jacob – K&L Gates; Andrew Gilchrist – K&L Gates; Noirin McFadden – K&L Gates;

Law Firms: K&L Gates;

Clients: easyProperty;