Round Hill Capital has sold its Nido Living business to Canada Pension Plan Investment Board (CPP Investments) for an undisclosed price.
As part of the transaction, Round Hill Capital is also selling its stake in the existing student accommodation joint venture between the two companies, which comprises more than 5,000 beds across 15 European assets.
Michael Bickford, CEO and founder of Round Hill Capital, said: “Since acquiring Nido in 2012, the business has gone from strength to strength, starting from three assets in the UK to managing over 18,000 student beds across the UK and Europe in this period, as well as diversifying into new territories.
“This transaction is testament to the value we have built in this award-winning business over the past 12 years and represents a successful conclusion of this investment. As an investment manager, Round Hill Capital continues to see significant value in the student and other residential sectors, which remain integral to our investment strategy going forward.”
