Deals
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Mazars Deal Advisory advises the vendors of First Mortgage Direct on its 80% sale to the Mortgage Advice Bureau
First Mortgage Direct is one of the UK’s leading omni channel, independent mortgage brokers, with a particularly strong presence in Scotland, where the business was originally established over 20 years ago.
Mortgage Advice Bureau (MAB) is an AIM listed mortgage broker. MAB consider that the acquisition will enable it to further grow its adviser numbers and market share, in addition to its core growth plans, and will also add another highly respected and leading mortgage broker to the Group.
Why Mazars?
“We were delighted to act for the Shareholders of First Mortgage Direct (FMD) in the sale to the Mortgage Advice Bureau (MAB). FMD and MAB have ambitious growth plans for the future and the transaction will help leverage the expertise and scale in both businesses to accelerate and deliver those plans.”
Kevin Windram, Partner – Mazars Deal Advisory
“With MAB I feel strongly that we have picked the best strategic partner to enable us to not only protect what we have built so far, but also help us achieve our big ambitions over the coming years. Kevin Windram and his deal advisory team were integral to ensuring a successful deal process and their advice and wise counsel helped the shareholders achieve their objectives.”
Ian McGrail, Managing Director – First Mortgage Direct
Get in touch
If you would like any further information on this transaction or to understand how we can help support your business, please contact us.
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