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Announced

Completed

Vista-backed PayLease completed the acquisition of Zego.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Private

Friendly

United States

Auto Technology

Private Equity

Single Bidder

Majority

Completed

smart home devices

Acquisition

Synopsis

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Vista-backed PayLease, a PropTech provider for the property management and Homeowner Association (HOA) industry, completed the acquisition of Zego, the hub for smarter apartment living. Financial terms were not disclosed. "We recognize that our clients are in need of platform-agnostic, resident-centric technologies that drive increased resident satisfaction and improve operational efficiency. We look forward to providing additional value to management companies by offering a fully-featured, best-in-class engagement platform that will allow them to increase resident satisfaction and retention, improve resident communications, automate inefficient processes, and reduce vacant unit costs," Dirk Wakeham, PayLease CEO.

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