DC Advisory advises the shareholders of Mortgage Support Services on its acquisition by BetterHome Group
Background
- Mortgage Support Services (“MSS”) is an industry leader in providing technology-led financial services for the UK property market, and is the group behind Stonebridge Mortgage Solutions (“Stonebridge”) and a range of mortgage, protection and technology businesses
- MSS shareholders include BGF, alongside the company's founders and other investors
- BetterHome Group is a leading mortgage distributor, based in South Africa, and a major participant in the country’s property market
- BetterHome entered the UK in 2024 through its investment in Josewin Limited, the parent company of HLPartnership, one of the UK’s leading mortgage and protection networks supporting more than 1,000 advisers across the UK
Process
- The DC Advisory team, led by Amish Bakhai, was exclusively engaged by the shareholders to advise on the sale
- Working closely with the Board and management throughout, the team supported with the preparation of marketing materials, financial modelling, buyer identification and outreach, strategic positioning, negotiations, and overall process management
- In parallel, the team ran a lender education process, engaging a range of financial institutions to structure and present debt financing packages to prospective acquirers
Outcome
- The transaction was signed in August 2026, with completion subject to Financial Conduct Authority approval, delivering a successful exit for BGF and other shareholders
- The acquisition brings Stonebridge into the BetterHome family of businesses alongside HLPartnership, making the Group one of the UK’s leading intermediary network businesses
- Stonebridge and HLPartnership will continue to operate as separate networks, with the existing senior management team continuing to drive Stonebridge’s growth strategy and operations
- This transaction highlights DC Advisory’s deep experience in tech-enabled financial, property and compliance-led services
“This is a landmark moment for MSS and a hugely exciting opportunity for our clients, our people and the business we have built. BetterHome Group's long-term vision, investment in technology and commitment to supporting advisers make them an ideal partner for the next stage of our growth, and I look forward to what we can achieve together. DC Advisory ran a professional process and we valued their experience.”
“MSS, and its Stonebridge business, is a market-leading business with an enviable track record of growth. We are delighted to have advised the shareholders on this transaction and are confident that Rob and the senior leadership team will continue to deliver exceptional results for lenders, insurers and advisers in partnership with BetterHome. We wish them well for an exciting future.”
“MSS has delivered impressive growth during our investment period. This transaction represents an excellent outcome for shareholders and provides the business with a strong strategic partner to support its next phase of growth. DC Advisory ran a highly competitive and well-executed process, demonstrating a deep understanding of both the business and the wider market, and we were delighted to work alongside them to achieve this result.”
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