The Lettings Hub and Canopy Group have completed a management buyout, supported by existing investor Hay Wain.
The transaction has recapitalised the group’s corporate structure and is intended to support continued integration and investment in technology, data, operations, and product development.
As part of the changes, Matt West has been appointed chief executive officer, replacing Gary Barker, who will move into the role of executive chairman and remain involved in the business.
West previously served as CEO of Feefo and has worked as a mentor and advisor since 2021. He has more than 25 years’ experience in commercial leadership roles across SaaS, fintech, media, and telecommunications.
West said: “Coming into the business, I can see the significant progress the teams have already made. The group
has onboarded more customers, strengthened the foundations of its platform, and introduced new
partnerships that are making the rental journey faster, smarter, and more seamless for letting agents
and tenants alike. With these foundations in place, we are now ready to enter the next phase of growth,
including accelerated technology development in 2026 and the rollout of enhanced Renters’ Rights
solutions.”
Gary Barker, Executive Chairman, commented: “With the support of Hay Wain, we are entering a new phase of growth and innovation. This buyout allows us to invest further in our people and technology, delivering a unified solution that meets the evolving needs of the lettings industry today and in the future.”
Will Hales, Hay Wain, added: The Lettings Hub is widely recognised across the industry for its deep expertise in tenant referencing, while Canopy has built a strong proposition as market leading a property technology provider. Together, the businesses create a compelling end-to-end platform serving the private rented sector, build-to-rent,
and student accommodation markets. We see a clear opportunity for the group to scale, innovate, and
deliver long-term value for customers, and we are delighted to be actively supporting the management
team through this next phase of growth.”