tmgroup
Description
tmgroup (TM Group) is a provider of property search aggregation services in the United Kingdom, offering law firms essential property search capabilities that form a key element of due diligence and the mandatory conveyancing process for all property purchases. Founded in 1999 and headquartered in Swindon, UK, the company has established a strong market position in the property services sector.tmgroup generates revenue by providing a wide range of property search services to law firms, including Title, Local Authority, Water & Drainage, and Environmental searches. The company's proprietary software tools and data insights enable it to deliver efficient, accurate, and user-focused solutions to its clients, simplifying the complexities often found in property transactions.In July 2023, pan-European alternative investment firm AURELIUS acquired tmgroup from Dye & Durham Limited for a total consideration of up to £91 million, which includes approximately £50 million in cash at closing and up to £41 million in potential additional earn-out payments between 2023 and 2026. The sale satisfied the undertakings given by Dye & Durham to the UK's Competition and Markets Authority (CMA), concluding the CMA's merger investigation.