Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
OpenRent Majority Stake Acquired by Global Private Equity Firm
OpenRent, described as one of the UK’s largest lettings agency platforms, has received a majority investment from global investment firm CVC. According to Landlord Today, funds managed by CVC are making the investment, while OpenRent founders Adam Hyslop and Darius Bradbury will remain significant shareholders and continue to lead the company.
This development may be of interest to UK letting agents and inventory clerks who use or compete with OpenRent’s platform.
Source: Landlord Today