ReSolve appointed administrators of BrickVest - Resolve Group UK

ReSolve appointed administrators of BrickVest

Resolve Group UK

ReSolve appointed administrators of BrickVest

On 8th November 2019 Mark Supperstone and Ben Woodthorpe of ReSolve were appointed administrators of BrickVest Ltd, BrickVest Technology Ltd, BrickVest Services Ltd and BrickVest Talents Ltd (together “BrickVest”).

Founded in 2014 by E. Lumineau and T. Schneider, BrickVest is one of the leading real estate Fintech platforms in Europe which, via regulated subsidiaries, serves the liquidity and investment needs of 1,000 real estate sponsors, 20 banks and 6,000 clients in Europe and the US, from deal listing to investment execution.

With offices in London, Nice and Berlin BrickVest employs over 20 people, and has appeared in the Top 100 PropTech Watchlist for the last four years.

To date BrickVest has raised c£12m of capital in various funding rounds from 50 angels, three VCs and two banks. Whilst its four Fintech products are revenue generating, and approaching breakeven, BrickVest as a group requires further investment.

The Administrators are currently seeking to establish interest in the purchase of the business and assets.

'Whilst we are disappointed to see such a leading Fintech player in this situation we are determined to secure a sale of the business and its assets and deliver the best possible outcome for the creditors. We would encourage any interested parties to contact us as soon as possible’.

Mark Supperstone, Managing Partner ReSolve

If you have an interest in this opportunity please contact Bethany Osmond at Bethany.osmond@resolvegroupuk.com or James Thompson at james.thompson@resolvegroupuk.com

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