Odevo, a tech-enabled residential property management company with leading positions in Europe and USA, today announces that CVC funds (“CVC”) have agreed to join the group of investors led by Swedish firm Fidelio and its existing management team. This deal comes after Odevo has expanded rapidly in recent years. Adding CVC’s experience and global relationships will strengthen the company’s international growth strategy and ongoing drive to innovate its service offering for homeowners.

Odevo, a global leader in property management, has further strengthened its presence in the U.S. with two strategic acquisitions.

Fidelio Capital has supported Odevo’s international expansion across Europe and the USA as the main owner since 2018. Odevo now continues its growth in Finland with the acquisition of market leader Retta Isännöinti, reinforcing its goal to lead the property management industry through a combination of people and technology.