OnTheMarket plc’s £30 million placing and admission to trading on AIM

Eversheds Sutherland has advised OnTheMarket plc on its placing and admission to trading on AIM.

OnTheMarket plc is the parent company of longstanding Eversheds Sutherland client Agents’ Mutual, which owns and operates the UK online residential property portal OnTheMarket.com.

Agents’ Mutual was originally established by a consortium of well-known estate agents to create a new residential property portal to challenge Rightmove and Zoopla by offering a premier search experience to consumers whilst charging sustainably fair prices to agents.

As part of the IPO, OnTheMarket plc has raised £30 million of new equity capital with the aim of expanding the portal by achieving rapid growth in listing agents and other advertisers and also in property-seeking consumers visiting OnTheMarket.com.

The Eversheds Sutherland team was led by partners Sebastian Orton (picture) and Chris Halliday. The team included: Phillip Becker, Lily Tomkins and Hannah Kaye (corporate), Daniel Blum and Victoria Green (employee incentives), Jamie Leader and Camilla Eliott Lockhart (restructuring), Richard Prowse, Lorna Doggett and Christopher Perks (commercial), Paul Fontes and Emma Stevens (employment).

Involved fees earner: Sebastian Orton – Eversheds Sutherland; Chris Halliday – Eversheds Sutherland; Phillip Becker – Eversheds Sutherland; Lily Tomkins – Eversheds Sutherland; Hannah Kaye – Eversheds Sutherland; Danny Blum – Eversheds Sutherland; Victoria Green – Eversheds Sutherland; Paul Fontes – Eversheds Sutherland; Emma Stevens – Eversheds Sutherland; Jamie Leader – Eversheds Sutherland; Camilla Eliott Lockhart – Eversheds Sutherland; Richard Prowse – Eversheds Sutherland; Lorna Doggett – Eversheds Sutherland; Christopher Perks – Eversheds Sutherland;

Law Firms: Eversheds Sutherland;

Clients: OnTheMarket plc;

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