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  5. Odevo Acquires Vegner Group

M&A Deal Summary

Odevo Acquires Vegner Group

On September 12, 2023, Odevo acquired business services company Vegner Group from Harwood Private Equity

Acquisition Highlights
  • This is Odevo’s 1st transaction in the Business Services sector.
  • This is Odevo’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2023-09-12
Target Vegner Group
Sector Business Services
Buyer(s) Odevo
Sellers(s) Harwood Private Equity
Deal Type Add-on Acquisition

Target

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.

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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 1 of 2
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: United Kingdom M&A 1 of 2
Year: 2023 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-19 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.

Buy -

Seller(S) 1

SELLER

Harwood Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 700M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Harwood Private Equity is a private equity firm focused on acquiring and investing in lower middle-market UK-based companies valued up to £50 million. The Firm does not have any sector preferences and will consider a variety of investment situations including buyouts and take privates. Harwood Private Equity was established in 1999 and is based in London.

DEAL STATS #
Overall 1 of 2
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 2
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-09 SMT

Sandy Hook, Connecticut, United States

SMT is a distributor of obsolete and hard-to-find critical electronic components that it locates, tests, certifies and re-sells. SMT was founded in 1998 and is based in Sandy Hook, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-12 Assisi Pet Care

Melton Mowbray, United Kingdom

Assisi Pet Care produces natural pet treats and pet food with products such as dried ears, meat treats, filled bones and fish. Assisi Pet Care was founded in 2020 and is based in Melton Mowbray, United Kingdoom.

Sell -
Mergr

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