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Paladin Group has over 20 years’ experience of property management and provides its services to over 20,000 properties across the UK.
Paladin Group was sold to Places for People representing 2.3 times money.
To create a diversified property services group with a wide range of offerings.
NVM first invested in Touchstone in 2006 to support its acquisition strategy. The ultimate objective was to create a diversified property services group with a wide range of offerings comprising letting agencies, property maintenance and appliance testing. Paladin Group was formed to act as the holding company, with principal trading still executed through Touchstone.
The lack of affordable housing in the UK and a cultural shift towards Continental Europe’s approach to renting have proved positive growth drivers for Paladin. During the life of NVM’s investment, the business successfully increased the number of residential properties it managed by 344%.
Tim Saunders (Paladin’s Managing Director) and his team were keen to cement their reputation in a rapidly developed private rented sector, so in 2012 NVM sold the business to Places for People, one of the largest property management, development and regeneration companies in the UK.
Tim Saunders, Managing Director, Paladin Group