Rosenblatt Limited has acted for the Northern & Shell group in the £100 million merger of online estate agents, Emoov and Tepilo. The deal means that the enlarged company (which also merged with online lettings agency, Urban.co.uk) has become the second-largest online estate agent, only behind Purplebricks.
The merger, which involved a cash investment from the Northern & Shell group and a media for equity agreement with Channel 4, will create a “a truly powerful partnership of property experts” accordingly to Tepilo founder Sarah Beeny.
Rosenblatt Limited has most recently acted for the Northern & Shell group in the £127 million sale of its newspaper business to Trinity Mirror plc earlier this year.
The Rosenblatt team was led by Jon Lovitt (Corporate Partner) who was assisted by Sandra Rodriguez (Corporate Solicitor) and Amanpreet Bhandal (Corporate Solicitor). The corporate team were also supported by Chris Pulham (Media Partner), Philip Alfandary (Tax Partner), David Sachs (Banking Partner), Noel Deans (Employment Partner), Martin Buckeldee (Real Estate Solicitor) and Tom Driscoll (Banking Solicitor).