Go to deals
Business Support Services | Real Estate

Qdime Limited has been acquired by Cortland

The founding shareholders of Qdime Limited have sold the company to Cortland.

Qdime is a UK market-leading property management services company. It offers a full suite of solutions, including residential property management, legal and professional services. Qdime founders Nigel and Robert Burnand will stay on to join Cortland as Managing Director Block Operations and Director Block Operations, respectively. All staff are expected to be retained as part of the transition.

Founded in 2005, Cortland is a US multifamily real estate, investment and management firm. It owns and operates nearly 70,000 rental units in the US, and has exported its proven resident-centric rental model to its UK build-to-rent, leasehold and other private rented sector operations. With this acquisition, Cortland will be in the top ten largest block management providers in the UK.

Oaklins Cavendish, based in the UK, advised on the sale of Qdime, the UK market-leading residential property management service business, to Cortland.

Parties

Talk to the deal team

Peter Gray

Partner
London, United Kingdom
Oaklins Cavendish

Related deals

Largest AIM IPO in the business support services sector over the past five years has been completed
Business Support Services

Largest AIM IPO in the business support services sector over the past five years has been completed

MHA plc raised US$131 million (£98 million) through a placing and retail offer, achieving a market capitalization of approximately US$363 million (£271 million) on admission. This was the largest AIM IPO in the business support services sector over the past five years. The IPO provides a platform for continued investment in technology, talent and acquisitions, supporting the group’s ambition to become a top 10 UK professional services firm.

Learn more
Manolete Partners plc has completed a successful debt refinancing
Business Support Services | Financial Services

Manolete Partners plc has completed a successful debt refinancing

Manolete Partners plc has signed a new revolving credit facility (RCF) with its existing provider, HSBC. The new RCF provides Manolete with the same level of facility as the previous arrangement, at US$22.6 million (£17.5 million), but with a reduced margin and lower non-utilization fee. The facility has a term of 3.25 years, with the option to extend for an additional year on the same terms.

Learn more
Transcon Developers Private Limited has raised structured debt finance
Real Estate

Transcon Developers Private Limited has raised structured debt finance

The transaction is a landmark resolution in the distressed real estate sector, involving a structured solution of US$64.6 million (INR5.5 billion) for a leading real estate developer in the Mumbai Metropolitan Region (MMR). The transaction was backed by a global special situations investor. The project had a total debt carrying value of approximately US$76.3 million (INR650 crore), of which US$29.4 million (INR250 crore) was deemed unsustainable.

Learn more