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Corporate Finance

FRP Corporate Finance leads on mortgage tech acquisition

Team advise Twenty7Tec on successful Bluecoat deal


The Twenty7Tec group, headquartered in Bournemouth has built an enviable reputation in the mortgage market for developing technology that enables advisers to serve their clients in a simpler, faster and more efficient manner. The company was looking to expand its operation by acquiring Bluecoat Software, which provides its mortgage, protection and wealth management CRM solution ‘Finplan’ to more than 300 advisory firms. Twenty7Tec appointed FRP as lead advisers on the deal.


FRP Corporate Finance’s team advised Twenty7Tec’s management throughout the transaction process – the first significant acquisition by the company. As well as its extensive experience, the team was able to draw on its strong local presence and understanding and knowledge of mid-market software transactions to successfully complete the deal, which will see the businesses merge to operate under the Twenty7Tec brand. The combined business, which operates with close to 100 employees,
will be led by CEO James Tucker with former CEO of Bluecoat Software, Mark Skelding, joining the board of Twenty7Tec Group as a Non-Executive Director.


Following the successful acquisition, Twenty7Tec will pursue both organic and acquisitive growth, fuelled by ongoing investment in new tech-enabled services. The company plans to invest heavily in developing Finplan into a market-leading CRM solution for the wealth, mortgage and protection markets, as well as continuing
to further develop the other mortgage capabilities of the combined businesses.

FRP’s focus, diligence and determination to do everything they could to support us in our ambitions stood out right from the start. James Tucker CEO, Twenty7Tec

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