News

Eleco plc is an LSE AIM listed specialist international provider of world class software and related services. Supporting the built environment through its centres of excellence in the UK & Ireland, Sweden, Germany, Netherlands, and the USA.

The Company’s software solutions are trusted by an international customer network and used throughout the building lifecycle from early planning and design stages through to construction, interior fit out, asset management and facilities management to support project management, estimation, Building Information Modelling and asset management.

Accel-KKR is a US-based private equity investment firm specialising in software and technology-enabled businesses. Founded in 2000, it focuses on investing in established, profitable companies, particularly those with recurring revenue models and opportunities for growth.

The Company has substantial investment capacity, reporting approximately $24 billion in cumulative capital commitments and more than 500 investments as of 2026. It provides buyout funding, minority growth capital, credit and acquisition financing, and supports management teams with operational expertise and further acquisitions.

On 10 September 2026, the boards of directors of Avocet Bidco Limited (“Bidco”) a newly formed company which will, as at the Effective Date, be indirectly wholly-owned by funds managed and/or advised by Accel-KKR and its affiliates and Eleco announced that they had reached agreement on the terms and conditions of a recommended all cash offer by Bidco for the entire issued, and to be issued, ordinary share capital of Eleco.

Publication of Scheme Document

The Perivan shareholder communications team was delighted to work with Dorsey & Whitney who acted as Legal Adviser to Eleco on the Scheme and associated documents, which were successfully published and posted to qualifying shareholders on 2 October 2026.

For further information, click here.

Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies and are a market leader for the production of documentation relating to Mergers & Acquisitions.