Ropes & Gray Advises Aurora Acquisition Corp. in Closing Business Combination with Better Home & Finance
Ropes & Gray advised Aurora Acquisition Corp., a special purpose acquisition company, in closing a business combination with Better Home & Finance. The combined company was renamed Better Home & Finance Company and the closing was announced in a press release on August 23.
Better is a leading digitally native homeownership company, serving customers in all US states and the United Kingdom through its suite of products including residential mortgage, insurance and real estate services. In just six years since launch, Better has leveraged its industry-leading technology platform, Tinman, to fund more than $100 billion in mortgage volume. Tinman allows customers to see their rate options in as little as three seconds, get pre-approved in as little as three minutes, lock in rates and get connected to a real estate agent in as little as 30 minutes, and close their loan in as little as three weeks.
The Ropes & Gray team was led by private equity partner Carl Marcellino, included capital markets & governance partner Daniel Forman, litigation & enforcement partners Lisa Bebchick, Helen Gugel and David Hennes, capital solutions & private credit partner Sam Badawi, tax partner Elaine Murphy, asset management partner Eve Ellis, and private equity partner Libby Todd.