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New Deal


Announced

Accel-KKR-backed Reapit to merge with PayProp.

Financials

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

Tags

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United Kingdom

Software

Acquisition

Friendly

Pending

Cross Border

software company

Private

Private Equity

Single Bidder

Majority

Synopsis

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Accel-KKR-backed Reapit, an end-to-end business technology provider for estate agencies of all sizes, agreed to merge with PayProp, a software company. Financial terms were not disclosed. “Our two companies are both highly oriented around service and customer success. Our combined path is clear: to lead and drive digital transformation of the property sector, which is a huge asset class,” Mark Armstrong, Reapit CEO.

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