Clearwater International advises iamproperty on its investment from Perwyn
Clearwater International has advised the Shareholders of iamproperty, a leading prop-tech business, on its investment from Perwyn and its debt package from NatWest and Barclays. The investment marks a successful exit for existing investor, LDC.
The business, a known innovator for the residential property market, pioneers of the Modern Method of Auction and creators of the UK’s first end-to-end onboarding and conveyancing platform, iamproperty is already working with over 6,000 UK Estate Agency branches to help them accelerate their success and is involved in over 1% of residential property transactions in the UK.
As a strategic investment partner with specialist expertise of working with ambitious technology companies, Perwyn will support the business as it delivers on its vision to provide an ecosystem of innovative solutions for Estate Agents across the UK.
Co-Founders Ben Ridgway and Jamie Cooke, alongside the management team, will retain majority share and continue to drive forward their mission to modernise the property industry.
Clearwater’s Debt Advisory team provided the lender education process for the transaction, as well as working with the PE firm to raise debt facilities from NatWest and Barclays to support its investment.
The Clearwater team worked closely with iamproperty during LDC’s investment having previously advised the business in 2022 on its acquisition of VTUK, the developer of Openview, a cloud-based software platform focused on the property market.