Add-on Acquisition • Business Services

Vegner Group Acquires Faraday Property Management

On March 29, 2017, Vegner Group acquired business services company Faraday Property Management for 2M GBP

Acquisition Context
  • This is Vegner Group’s 3rd transaction in the Business Services sector.
  • This is Vegner Group’s 0th largest (disclosed) transaction.
  • This is Vegner Group’s 3rd transaction in the United Kingdom.

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M&A Deal Summary

Date March 29, 2017
Target Faraday Property Management
Sector Business Services
Buyer(s) Vegner Group
Deal Type Add-on Acquisition
Deal Value 2M GBP

Target Company

Faraday Property Management

London, United Kingdom
Faraday Property Management Limited is a well established, totally independent, specialist residential property management company. Based in Central London, we principally service prestigious residential apartment blocks throughout the Capital. Our company provides a bespoke, quality driven and client focused, professional management service, in addition to offering direct "in house" Chartered Building Surveying services.
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Buyer Overview 1

Buyer

Vegner Group

Richmond, United Kingdom

Category Company
Sector Business Services
Revenue 31M GBP (2020)
DESCRIPTION

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.


Deal Context for Buyer #
Overall 3 of 3
Sector: Business Services 3 of 3
Type: Add-on Acquisition 3 of 3
Country: United Kingdom 3 of 3
Year: 2017 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-02 Goodacre Property Services

Keston, United Kingdom

Goodacre Property Services Ltd. is a property management business based in Keston Kent. Goodacre Property Services was founded in 1988 to provide block management property services in the Kent and South London geographical areas.

Buy -