Transaction services – financial due diligence
Encore Group
FRP Corporate Finance advised Encore Property Management Group on the acquisition of Preim Ltd. Background Based in Cambridge, Encore Property Management Group is an award-winning residential managing agent, providing a range of estate management services to more than 27,000 properties across the UK. FRP Corporate Finance’s team advised Encore on a management buyout (MBO) of the business, backed by Queen’s Park Equity (QPE), in 2021. When the company identified Peterborough-based residential managing agent PREIM as a potential acquisition target, it once again engaged FRP. Action FRP Corporate Finance was appointed to carry out financial due diligence on PREIM – being Encore’s first acquisition since the QPE investment – as part of the company’s long-term buy and build strategy. PREIM’s expertise in working with housing developers across England, its reputation for quality and its differentiated focus on residential community engagement made it a highly attractive asset and natural fit with Encore. Outcome The successful acquisition of PREIM has boosted Encore’s portfolio of residential properties by 16,000. The deal is both a strategic and cultural fit, with the PREIM leadership team being Encore alumni.
PREIM has a fantastic reputation and track record with long-standing client partnerships. The business is a great strategic and cultural fit, with the PREIM leadership team being
Encore alumni. Joaquim Fillola Encore Group
Chris Adlam Partner Corporate Finance Norwich +44 (0)7786 166 927 chris.adlam@frpadvisory.com
Matt Field Director Corporate Finance Norwich +44 (0)7796 716 078 matt.field@frpadvisory.com
Joanne Price Associate Director Corporate Finance Norwich +44 (0)7841 494 357 joanne.price@frpadvisory.com
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