The U.K. Competition and Markets Authority is prohibiting certain steps of last month’s $156-million cash deal for the Canadian legal-technology firm to acquire U.K. real estate technology company TM Group, while regulators conduct a preliminary assessment. (The Logic)
Talking point: Dye & Durham, which is reviewing its strategic alternatives after a shareholder group proposed a go-private deal, has seen an explosive revenue increase tied to its strategy to “grow through acquisitions.” CEO Matthew Proud said in an earnings call this week that the U.K. and Australia were expected to generate half the company’s revenue going forward, the vast majority of which is driven by real estate. Dye & Durham also offers other U.K. real estate and conveyance tools, like Easy Convey, Index Property Information, PSG and poweredbypie. The U.K. regulator, which has an unusual voluntary-review regime, is expected to announce the next step of Dye & Durham’s assessment this fall.