UK Storage has been acquired by Davidson Kempner and Pithos Capital

June 2023 — The shareholders of UK Storage Company Ltd. have sold the company to an investor syndicate consisting of funds managed by Davidson Kempner Capital Management LP and Pithos Capital Holding, a European self-storage operator.

UK Storage is a company offering self-storage for businesses, households and students. The business has 30 sites across the UK (majority leasehold properties but looking to obtain options to buy on several sites) and operates a staffless model to maintain low overheads. With CCTV throughout and keycode entry to their sites, they offer safe, secure storage with occupancy levels in excess of 85%. The company also provides archive document storage.

Davidson Kempner Capital Management LP is a US private equity firm and Pithos Capital Holding is a family office focused on European self-storage opportunities.

Our role in the transaction

Oaklins Cavendish, based in the UK, advised on the sale of UK Storage Company to an investor syndicate consisting of funds managed by Davidson Kempner Capital Management and Pithos Capital, a European self-storage operator.

Service

M&A sell-side

Parties

“We are delighted to have found a perfect match to drive the growth of the company we founded in 2005. After a rigorous sale process, we have no doubt that Davidson Kempner and Pithos Capital will continue to develop the company as the UK’s largest independent self-storage provider, and we look forward to following its progress. The Oaklins Cavendish team did a fantastic job, running a truly competitive process and managing the transaction with great skill. They were instrumental in delivering this deal and the successful outcome.”

Keith Taylor and Cathy Taylor

Co-founders, UK Storage Company Ltd.

Talk to the deal team

Peter Gray

Partner

London, United Kingdom
Oaklins Cavendish

View profile Get in touch

Paris McNicol-Outch

Director

London, United Kingdom
Oaklins Cavendish

View profile Get in touch

Related deals

Be-Cloud has been acquired by PSG Equity

Private Equity | TMT

Be-Cloud has been acquired by PSG Equity

Be-Cloud, backed by B&Capital since 2021, has been acquired by PSG Equity, a leading growth equity firm specializing in software and technology-enabled services. The transaction marks the full exit of B&Capital and the reinvestment of Be-Cloud’s founders, Lenny and Sébastien Vercruysse, alongside PSG Equity.

Learn more

Mattina Holding has sold a 5% stake in Gens Aurea via accelerated bookbuild

Private Equity | Consumer & Retail

Mattina Holding has sold a 5% stake in Gens Aurea via accelerated bookbuild

Mattina Holding S.A. (DVC Partners) has sold a 5% stake in Italian company Gens Aurea S.p.A. through an accelerated bookbuild, raising approximately US$69.96 million.

Learn more

Veremark has completed a secondary share sale

Business Support Services

Veremark has completed a secondary share sale

Veremark, the global workplace trust company, has completed an employee and early investor secondary share sale, on the London Stock Exchange’s (LSE) Private Securities Market (PSM), valuing the company at over US$133 million in enterprise value. Crowdcube, Europe’s leading private market liquidity platform, managed the transaction.

Learn more