Opus advised the shareholders of Rendall & Rittner on its sale to SBC
Category: Deal Announcement
Opus Corporate Finance LLP is delighted to have advised the shareholders of Rendall & Rittner on its sale to SBC, a portfolio company of Fidelio Capital.
Rendall & Rittner is the largest independently owned residential property management company in the UK with an exceptional portfolio of over 80,000 units under management including some of the most prestigious and high-quality buildings across London and the United Kingdom. Key services and strategies within the firm include their innovative approach to management and customer service, dedication to corporate social responsibility, and investment in their staff to offer a focused and high quality service to their clients and lessees.
SBC is Sweden’s leading independent property manager targeting housing cooperatives which offers financial and technical management as well as legal services. The combination of SBC with Rendall & Rittner unlocks a wealth of knowledge, experience, and technology across the residential property management sector between the businesses enabling enhanced service provision to their clients and creating a multinational leading business in this growing space.
This is an important cross border transaction for Opus’s Built Environment team resulting from our broad base of relationships and insight within the industry, building upon other transactions including the recent sale of serviced office provider Busworks and the sale of building energy efficiency software provider DEXMA Sensors. The team continue to see rapid growth across the sector, particularly sub segments with significant investment across PRS, new technologies throughout Proptech, and increased levels and quality of service provision across the Real Asset spectrum.
We look forward to working with clients old and new in the coming months and to adding to our recent successes in the sector in 2022.
For further information please do not hesitate to contact: Nigel McNelly, Keegan Harris or Daniel Barley. We would be delighted to hear from you.