Diamond & Co Limited

Avondale is pleased to announce the acquisition of Diamond & Co Limited (“Diamond”) by the Swedish residential property management company, Odevo. Backed by institutional investors, CVC and Fidelio, and with revenues of USD574m, Odevo currently has 1.6m homes under management and a growing global reach.

Diamond is a UK-based practice that combines chartered building surveying and fire engineering services to provide a unique, multi-disciplinary offering. The acquisition is a further step in Odevo’s strategy to broaden its services and deliver greater value to its clients through integrated add-on solutions.

The Directors and Senior Management of Diamond were delighted to accept Odevo’s offer to roll some of the sale proceeds into Odevo shares and join the exiting journey Diamond and Odevo have together.