Press Releases
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LIVE ACQUIRED BY FIRST TITLE PLC |
01 March 2005
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First Title plc, the UK's leading provider of title insurance and mortgage processing services, today announced the acquisition of The Live Organisation Ltd, a leading provider of legal services in the conveyancing sector. The Live Organisation was formed in 1996 and launched Conveyancing Live, its first no move, no fee service, which pioneered the use of online progress reports and SMS text messaging and has since completed over 100,000 transactions. The acquisition comes only 6 months after First Title acquired enact, the Leeds based volume legal conveyancing operation. Commenting on this significant acquisition, David Thorpe, Chief Executive Officer of First Title said "Live and First Title are ideally positioned to lead the market in the provision of Home Information Packs in 2007. We have retained the existing management team to build on their initial success". Rob Sendall, Managing Director of Live, added: " This is a tremendously exciting development for Live. Having the financial strength and support of a global business dedicated to the property sector, we will be able to grow and develop at a faster pace than previously envisaged. With the backing of First Title, Live are in a position to deliver even more value to their partners." Live was advised on the transaction by Manches. First Title was advised by Maclay Murray & Spens, City Law Partnership. About First Title plc
Press enquiries: Please contact the First Title Press Office on 0208 315 1300 (Switchboard) or e-mail tim.jones@first-title.co.uk or the Live press office on 0870 6095 103 or e-mail rob.sendall@55live.com. |
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