Audria Group has acquired Tandem Property Asset Management, giving the technology-driven real estate services platform its first presence in the UK and adding Tandem as the fifth company in the group. Financial terms were not disclosed.
Tandem, founded in 2017 and headquartered in London, employs 108 professionals and operates across six UK cities. Its services include property and asset management, financial management, ESG and destination marketing. The business will continue to operate under its existing brand and management team following the transaction.
The acquisition extends Audria’s existing Nordic and Baltic platform into the UK. Tandem joins Newsec, Novier, Sveaviken PM and Avy within a group comprising more than 2,600 professionals and managing real estate assets valued at more than €100 billion. Audria was established by Swedish investors Pejoni and Fidelio Capital.
Buyer / Parties: Audria Group
Target: Tandem Property Asset Management
Sector: Real estate services / property and asset management
Deal type: Acquisition
Value: Undisclosed
Geography: United Kingdom
Identified advisers: Debrett’s; Knights; Dains; Eight Advisory; Osborne Clarke
The transaction gives Audria an established operating platform in the UK rather than requiring it to build a presence from the ground up. Tandem adds local property and asset management capabilities, while joining Audria gives the business access to a wider international group, including additional technology, expertise and resources. The acquisition also supports Audria’s expansion of its technology-driven real estate services platform into a new European market.
Buyer / Investor: Eight Advisory and Osborne Clarke were engaged by Fidelio Capital to undertake due diligence and advise on the transaction.
Seller / Target: Debrett’s advised Tandem’s shareholders and management team. Knights provided legal advice to the shareholders and management team, while Dains provided tax advice.
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