Deals
Canopy buys The Lettings Hub to become significant force in UK PropTech – HLaw on the buy side
Our team at HLaw was pleased to have advised on the buy side of a deal that has created what is thought to be one of the largest PropTech businesses in the UK, Canopy’s acquisition of The Lettings Hub. Acting for Canopy, we were involved from the deal structing phase through to due diligence reporting and on to execution of the deal itself, bringing together a cross departmental team at HLaw that covered corporate, debt finance, management incentives, commercial contracts, tax, and other areas.
Canopy commented in its reporting: “The deal comes at a time when consolidation in the lettings market is accelerating rapidly. Record numbers of estate and lettings agency sales are occurring, and both landlords and agents face growing challenges. As such, suppliers must adapt quickly to meet market demands and provide tailored solutions.”
And Chris Hutchinson, Canopy CEO, added: “For both businesses, this deal represents a transformative opportunity. Together, we now support over 2,500 letting agent clients, and our combined resources allow us to expand our integrated services beyond what either of us could achieve individually. By uniting our cutting-edge technologies and shared passion for innovation, we’re in a stronger position to deliver for tenants, landlords, and letting agents alike.”
Humphreys Law
Deal/project: M&A
Date closed: April 2025
Space: PropTech
Other lawyers and advisors: Thackray Williams for the sell side; CMS, Browne Jacobson & Shoosmiths on the debt finance side; Icon CF; Bay Advisory CF