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Avocet Bidco to acquire Eleco plc for £207.6M

PRIVATESep 11, 2026•about 2 hours ago

Acquiring Company

Avocet Bidco Limited

Acquired Company

Eleco PLC

Madhya PradeshGreater LondonConstructionBuilding MaintenanceCivil Engineering

Description

Avocet Bidco Limited, indirectly owned by Accel-KKR, is set to acquire Eleco plc for approximately £207.6 million. Eleco plc is known for providing software services in the built environment. The acquisition is being guided by Ashurst Perkins Coie as legal adviser. This event marks a significant move in the tech sector.

Company Information

Company

Avocet Bidco Limited

Location

Madhya Pradesh, India

About

Avocet Bidco Limited is a newly formed company. It is indirectly wholly-owned by funds managed and/or advised by Accel-KKR. The company is involved in a significant takeover activity. Specific details about its operations are not disclosed.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Eleco PLC?

Eleco PLC was acquired by Avocet Bidco Limited, based in Madhya Pradesh. The deal was reported on September 11, 2026. Avocet Bidco Limited is a newly formed company. It is indirectly wholly-owned by funds managed and/or advised by Accel-KKR. The company is involved in a significant takeover activity. Avocet Bidco Limited is privately held.

When did Avocet Bidco Limited acquire Eleco PLC?

Avocet Bidco Limited's acquisition of Eleco PLC was reported on September 11, 2026. Avocet Bidco Limited, indirectly owned by Accel-KKR, is set to acquire Eleco plc for approximately £207.6 million. Eleco plc is known for providing software services in the built environment. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Eleco PLC do?

Eleco PLC is a software provider focused on the construction and built environment sectors. The company has developed a range of solutions geared towards enhancing efficiency and productivity in building projects. It is privately held, operating in Construction, and is based in Greater London.

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