Key facts
- KKR acquired a UK construction software firm for £208 million.
- The acquisition was made in partnership with a venture capital firm.
- The target company is listed on AIM.
- Reapit offers software for sales CRM, lettings, property management, and consumer engagement.
- Reapit serves over 92,000 agents globally.
- The investment aims to accelerate innovation in platform, consumer technology, and AI.
Private equity giant KKR has acquired a UK-based construction software firm, Reapit, for £208 million. The deal was conducted in partnership with venture capital firm Accel-KKR. Reapit, which provides an end-to-end technology platform for real estate agencies, raised over £20 million in growth equity from Accel-KKR, valuing the round at approximately $27 million. Led by CEO Mark Armstrong, Reapit's software covers sales CRM, lettings, property management, and consumer engagement, connecting agents with clients within a single system. The company serves more than 92,000 agents across over 18,000 branches globally, managing over 1.3 million properties. The funds raised are intended to accelerate innovation in Reapit's platform, consumer technology, and artificial intelligence capabilities. The investment signals continued investor interest in proptech platforms that consolidate agency operations.