Lawyers at Osborne Clarke in Bristol have advised nationwide investor BGF on its £16.5 million investment in leading B2B fintech platform Twenty7tec.
Based in Bournemouth, Twenty7tec was founded in 2014. Every day more than 16,000 mortgage, protection and wealth advisers use its platform, which streamlines the entire mortgage process, from initial product search and sourcing through to application submission and completion.
International legal practice Osborne Clarke advised BGF. Its team included Bristol-based Tracey Wright, partner and head of the firm’s tax group, plus Olivier Jacquelin, associate in the corporate practice, and associate director Rhiannon Jones, who provided incentives advice.
The team was led by corporate partner Rob Hayes with associate director Robert Pook, senior associate Sian Daly and associate John Annan. Tax advice was also provided by partner Mat Oliver and senior associate Anna Reynolds while incentives advice also came from partner Michael Carter, associate Maryam Khalifa and senior associate Stuart Rose.
Duncan Wade, investor at BGF, said: “It was great to be supported by the Osborne Clarke team on our investment into the company. There were multiple moving parts to the transaction so to have the team’s expert specialist guidance and commercial pragmatism really helped us navigate through the legal process.”
Rob Hayes, corporate partner and head of Osborne Clarke’s Thames Valley office, added: “It was a real pleasure to support BGF’s Thames Valley deal team on such a high-profile transaction for the South East region and, as such, we were delighted to play a role on the deal. I am sure the collaboration will be a fantastic success.”
Osborne Clarke’s international venture capital team is recognised as a leading European practice advising companies in tech-enabled industries. The venture capital team is ranked tier one by The Legal 500 and has experts across London, the Thames Valley and Bristol. It has an outstanding track record advising start-ups, global market leaders, angel investors and institutional VC/growth capital investors on funding rounds, follow-on rounds, venture debt facilities, IPOs, trade sales and buy and build projects.
