Better.com acquires UK-based Property Partner ahead of SPAC close

Better.com acquires UK-based Property Partner ahead of SPAC close

3 years ago
Anonymous $drS9DEX_Sj

https://techcrunch.com/2021/09/09/better-acquires-property-partner/

Online mortgage company Better.com has acquired U.K.-based startup Property Partner as it seeks to expand into new markets and offer new product lines. The deal could give Better a way to augment its lending business with the potential to enable fractional ownership of properties in the U.S. and other markets.

Better plans to go public later this year through its planned merger with a special purpose acquisition company (SPAC) in a deal that values it at $7.7 billion. In the meantime the company has been active in the M&A market, acquiring two U.K.-based companies in the lead up to the deal’s close.

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