Perwyn Acquires Stake in iamproperty from LDC

October 24, 2023

Perwyn has acquired LDC's stake in Newcastle-headquartered iamproperty, with co-founders Ben Ridgway and Jamie Cooke and the management team retaining a majority shareholding. iamproperty, a provider of SaaS technology solutions to UK estate agents (including the 'movebutler' conveyancing/onboarding platform), has grown rapidly under LDC's minority investment since 2019 — now employing over 530 people and expecting c. £76m revenue for the year ending October 2023.

Buyers
Perwyn
Targets
iamproperty
Sellers
LDC
Industry
Cloud & SaaS
Location
Tyne and Wear, United Kingdom
Transaction Type
Growth capital

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