Str

Private equity firm Next Capital has announced plans to acquire 100% of Alloggio Group Limited, an Australia-based short-term rental operator, for about $41 ...

“After careful consideration,” Keen says, “the Independent Board Committee has concluded that the proposal is in the best interests of ALO shareholders and unanimously recommends that shareholders vote in favor of the scheme.” Formed in 2015 by founder and CEO William Creedon, Alloggio says it “has developed an in-house, scalable, cloud-based technology platform that provides an end-to-end solution for travelers and holiday property owners and managers.” Alloggio, Italian for “accommodation,” operates STRs in Australia and the Asia-Pacific region through three business verticals: asset management, distribution and channel management, and operations and logistics.