M+A Partners are pleased to announce their assistance with the recent acquisition of Rent4sure by Barbon Insurance Group (Barbon), which is part of PIB Group Ltd (PIB).
Scott Lindsay was the lead adviser from M+A Partners, with Tafadzwa Kativu (TK) and Andrew Sayer supporting with the tax requirements and financial due diligence.
Rent4sure has been providing tenant referencing services since 2009, and its all-in-one lettings platform delivers specialist support and insurance products to agents and landlords across the UK. Chief Operating Officer (COO), Luke Burton, leads Rent4sure’s team of 75 employees, based across offices in Dover, Norwich and Reigate.
Barbon is one of the UK’s largest tenant referencing and specialist lettings insurance companies. As part of the Barbon Group, Rent4sure will unite with two other businesses operating in the tenant referencing and insurance sector – Let Alliance and HomeLet. Each company will continue to trade under its individual brand, yet their combined expertise will enable the provision of technical innovation, referencing and insurance expertise.
Luke Burton, COO for Rent4sure, said the acquisition was an exciting new chapter for the company. He commented: “I’m delighted that Rent4sure has been acquired by PIB Group and we look forward to working with our new colleagues at Let Alliance and HomeLet. This development allows us to build on 11 years of innovation as a lettings software and systems specialist. Working on a shared vision with our new colleagues means we can add more value to our portfolio, while retaining our unique brand.”
Scott Lindsay, Partner at M+A said: “Rent4sure is a leading company in its sector thanks to a clear strategy, dedicated management team and a first-class technology platform. In PIB Group, a buyer was found with a future vision that instilled confidence in the shareholders that the next stage of Rent4sure’s expansion was in very good hands.”
Tim, Chief Executive Officer of Rent4Sure said: “It was important to us that we had advisers who could work effectively with each party to progress the deal in a timely fashion. Scott, TK and Andrew supported us with prompt, professional support, were always available to discuss queries and kept advice practical and commercial. We appreciated their guidance and support throughout the sale”.
M+A Partners wish Rent4sure and the wider Barbon Group all the very best for the future.