Kirkland & Ellis Advises Movoto on Acquisition by Lower.
Kirkland & Ellis has advised Movoto, a fast-growing real estate tech platform, through its recent acquisition by Lower, a digital-first mortgage company looking to reshape the homeownership experience.
The deal brings together Movoto’s massive online reach with Lower’s lending technology and national retail presence an ambitious move aimed at building a one-stop shop for buyers, agents, and loan officers alike.
Dan Snyder, CEO and Co-Founder of Lower, sees the acquisition as a chance to close the gap between home searching and financing two steps that often feel disconnected for the average buyer.
“The future of our industry lies in blending the best technology with the irreplaceable expertise of local agents and loan officers. Movoto is the perfect platform to accelerate this vision, allowing us to create a simpler, smarter path to homeownership.
Acquiring Movoto strengthens our position as the challenger platform, enhancing our ability to deliver the best localized and personalized service and capture significant market share.”
Movoto CEO John Berkowitz will step into a new role as President of Real Estate at Lower.
“The bigger portals touch almost everyone online but fail to help those customers through the whole process.
By focusing on how technology empowers local connections we can deliver better service to the consumer and build a business that generates far more profit per visitor.”
Movoto’s Chief Legal Officer Dave Robinett partnered with attorneys at Kirkland & Ellis to complete the deal. The team included:
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John Kaercher and Jess Lepper – Corporate
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Jordan Roberts – Debt Finance
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Bill Dong and Rebecca Fine – Tax
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Michael Falk and Rebekah Kostelak – Executive Compensation
Movoto is a real estate technology company and fully licensed online brokerage founded in 2005 and headquartered in San Mateo, California. The platform connects homebuyers, sellers, and agents with powerful search tools, local market data, and expert guidance. Movoto also offers professional tools like Movoto Pro+ and Lever to help agents grow their business and close more deals.
Kirkland & Ellis is a leading global law firm known for its excellence in M&A, corporate law, litigation, intellectual property, and private equity. With offices in key financial centers worldwide, the firm advises clients across a broad range of industries. Recognized for its work on high-stakes transactions and disputes, Kirkland delivers innovative legal strategies backed by deep industry knowledge. Its focus on complex deals and cutting-edge solutions positions it as a trusted advisor in the global legal market.
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