Claritas Tax advises BGF on their recent investment

Claritas are delighted to have advised BGF on their recent investment in the Bournemouth-based fintech, Twenty7tec.

This investment will not only bolster and revolutionise Twenty7tec’s market offering as a cornerstone of the UK’s mortgage technology sector, but will support significant growth and expansion within the UK.

Cat Dilloway, BGF investor, commented: “Claritas has been an essential partner in facilitating BGF’s investment in Twenty7tec. Iain and Adam expertly coordinated their teams to deliver tax structuring, and due diligence services including arranging cross border advice. The Claritas team provided thorough and consistent support provided throughout this transaction, and we look forward to working with them again in the future.”

Harry Kernick, BGF , added: “We had a great experience working with the Claritas team on this deal. Their tax diligence and structuring advice was hugely valuable and we’re now excited to be working with the Twenty7tec team as they continue their growth journey.”

Adam Keates, Claritas Associate Partner, said: “It was a pleasure working with BGF’s investment team on this transaction. We’ve no doubt this will be an exciting and successful growth journey given BGF’s track record and the experience and know-how they can bring to Twenty7tec, coupled with the strong management team already in place. From a tax advisory perspective, this was a team effort demonstrating the breadth of our team’s expertise, with input from our M&A structuring team as well as corporation tax and employment tax specialists who navigated some complex cross-border matters. Congratulations to all involved.”