BLP has advised Canaccord Genuity (joint bookrunner) and Zeus Capital (joint bookrunner and Nominated Adviser) on a £27m block trade sale by existing management shareholders of AIM-listed Mortgage Advice (Bureau) Holdings plc, which was announced on Wednesday 27 April 2016.

The block trade to institutional investors, managed by Canaccord and Zeus, saw certain existing Board members and executive management of Mortgage Advice Bureau sell part of their respective shareholdings following the expiry of selling restrictions imposed in connection with the Company’s IPO in November 2014 (on which BLP also advised Canaccord Genuity).

The BLP team was led by Corporate Finance Partner Nick Myatt with assistance from Associate Patrick Lilly and Trainee Solicitor Xian Wei Yeo. Corporate Finance partner Bobby Schrader provided US securities law advice.