Press releases | 01 Feb 2017

Zoopla Property Group plc to acquire Hometrack for £120m

Overview

Travers Smith LLP has advised Zoopla Property Group plc (ZPG), one of the UK's leading property sales websites, on its acquisition of Hometrack for £120m.

ZPG owns and operates some of the UK’s most trusted home-related digital platforms including Zoopla, uSwitch, PrimeLocation and Property Software Group and aims to provide the most useful resources for consumers when finding, moving or managing their home and be the most effective partner for related businesses.

Founded in the UK in 1999, Hometrack expanded to Australia in 2007 and is used by major mortgage lenders, housebuilders and government bodies in each country and now provides over 20 million automated property valuations each year.

The Travers Smith team was led by corporate partner Andrew Gillen with support from corporate partner Adrian West and associates Jonathan Walters, Ed Ainscoe, James Addison, Lucy Stephenson, Tom Sims and Brent Sanders. Specialist finance advice was provided by Head of Finance Matthew Ayre with support from finance associate Phoebe Santa-Olalla and trainee Bertie Radcliffe. Specialist tax advice was provided by tax partner Kathleen Russ and tax associate Maddie Gowlett. Commercial advice was provided by commercial, IP and technology partner Louisa Chambers, senior associate James Longster and associate Ashley Avery.

Travers Smith previously advised ZPG on its acquisition of price comparison website uSwitch in 2015 and its acquisition of Property Software Group in 2016.