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Dye & Durham's Acquisition of TM Group Ordered to be Sold by UK Competition Authority

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Dye & Durham completes sale of TM Group to Aurelius

The company announced the acquisition of TM Group Ltd. in July, 2021, in a deal worth about 91.5 million pounds.

However, the United Kingdom’s Competition and Markets Authority ordered the sale of the acquisition after it found it would “substantially” lessen competition in property search reports in England and Wales.In a previous release announcing the deal, CEO Matthew Proud said Dye & Durham plans to seek new merger and acquisition opportunities in the United Kingdom to continue to grow its business.

 

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