CVC Said in Talks to Invest in $3 Billion Property Manager Odevo

CVC Capital Partners Plc is in talks about a potential investment in residential property manager Odevo, people with knowledge of the matter said.

The private equity firm has been discussing the purchase of a significant minority stake in Odevo, according to the people, who asked not to be identified because the information is private. A transaction could value Odevo at more than $3 billion, one of the people said.

Odevo, which is backed by European investment firm Fidelio Capital, was formed through a combination of Sweden’s Nabo and SBC with UK-based Rendall & Rittner. It has since grown ...