M&A Deal Summary

Odevo Acquires Encore

On November 19, 2024, Odevo acquired real estate company Encore from Queen s Park Equity

Acquisition Highlights
  • This is Odevo’s 1st transaction in the Real Estate sector.
  • This is Odevo’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2024-11-19
Target Encore
Sector Real Estate
Buyer(s) Odevo
Sellers(s) Queen s Park Equity
Deal Type Add-on Acquisition

Target

Encore

Cambridge, United Kingdom
Encore is a Residential Managing Agent that provides a range of estate management services to over 27,000 properties from its four UK offices in Cambridge, London, Sandhurst, and Nottingham. Encore was founded in 2004 and is based in Cambridge, United Kingdom.

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Buyer(S) 1

Buyer

Odevo

Stockholm, Sweden

Category Company
Founded 2004
Sector Software
DESCRIPTION

Odevo provides real estate management solutions, specializing in property management and residential services. Odevo was founded in 2004 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 2 of 2
Sector: Real Estate M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: United Kingdom M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-12 Vegner Group

Richmond, United Kingdom

Vegner Group is a provider of property management services for residential and commercial sectors in the United Kingdom. It operates through Property Management, Professional Services, and Insurance Services segments. Vegner Group was founded in 1991 and is based in Richmond, United Kingdom.

Buy -

Seller(S) 1

SELLER

Queen s Park Equity

Investor Investor Investor


Category Private Equity Firm
Founded 2020
PE ASSETS 202M GBP
Size Small
Type Sector Agnostic
DESCRIPTION

Queen’s Park Equity (QPE) is a private equity firm focused on investments in entrepreneur-led businesses across the UK and Europe. The Firm looks to commit up to £60 million per transaction to support growth, consolidations, and other growth-related expansion strategies. QPE seeks majority or significant minority positions within the education, health, pharma, and technology services sectors. Queen’s Park Equity was founded in 2020 and is headquartered in London, England.


DEAL STATS #
Overall 1 of 1
Sector: Real Estate M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-07 Nebula

Guildford, United Kingdom

Nebula is a provider of unified communications and compliance solutions supporting 140,000 active daily users across 65 countries. Nebula was founded in 2015 and is based in Guildford, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-17 Wordwall

Dorset, United Kingdom

Wordwall is a company providing teachers with interactive and engaging learning tools. Wordwall is used by millions of teachers and students worldwide and allows educators to create and customize educational games, quizzes, and activities to enhance classroom learning and student participation. Wordwall is based in Dorset, United Kingdom.

Buy -