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TM Group, a provider of data and technology services to the real estate market, has announced the sale of its business to AURELIUS, a global pan-European alternative investment firm focused on private equity, private debt and real estate.
The company continues to streamline its real estate transactions and says the partnership “will be an exciting new chapter for TM Group”.
The sale follows the decision by the UK Competition and Markets Authority (CMA) that the acquisition of TM Group by Dye & Durham, originally agreed in July 2021, would reduce competition in the provision of property search in the UK. It will terminate the commitments that have been received and concluded. and Wales. Through this period of uncertainty, TM Group has continued to successfully operate and grow its business with a focus on developing advanced solutions to enhance and accelerate real estate transactions.
The statement said that with AURELIUS’ support, TM Group will “continue to develop and expand its portfolio of client-facing solutions to serve all key components involved in real estate due diligence.” Exciting new developments such as Seller Upfront Information, Secure Data Sharing and Property DNA Proposals further deliver on TM Group’s commitment to customer service, delivering efficiency and time-saving benefits to customers.
TM Group CEO Joe Pepper commented: “We are thrilled to have completed the sale of TM Group to AURELIUS and to secure further investment from AURELIUS, a partner who shares our vision of growth and innovation. strengthen and leverage our strong brand recognition so that we can continue to build our preeminent presence in the real estate market.”
AURELIUS partner Tristan Nagler added: Our investment will provide TM Group with further opportunities to develop innovative, market-leading products at the heart of the UK property market, while continuing our focus on excellent client service. ”
TM Group will work with AURELIUS to further enhance its end-to-end solutions for all phases of the real estate transaction, delivered through TM Group’s proprietary software tools.
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