UK Storage has been acquired by Davidson Kempner and Pithos Capital
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.
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.
Keith Taylor and Cathy Taylor
Co-founders, UK Storage Company Ltd.
Talk to the deal team
Paris McNicol-Outch
Oaklins Cavendish
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