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

Cibus has acquired Aweta from Standard Investment

Private Equity | Agriculture | Industrial Machinery & Components

Cibus has acquired Aweta from Standard Investment

Standard Investment has reached an agreement with Cibus Capital, advisor to the Cibus funds, on the sale of Aweta, a global leader in fruit and vegetable sorting, grading and packing equipment. Completion of the transaction is expected in the coming weeks. The transaction provides Aweta with a strong partner to support the company’s next growth phase. Under Cibus’ ownership, Aweta will pursue further international growth and accelerate investment in R&D, supporting the installed base and product innovation, including software and AI capabilities. Aweta’s leadership team will continue to lead the business.

Learn more

GroGlass has been acquired by Apogee Enterprises

Private Equity | Other Industries

GroGlass has been acquired by Apogee Enterprises

Apogee Enterprises, Inc. (Nasdaq: APOG), a leading US provider of architectural building products, services and high-performance coated materials, has acquired GroGlass, a Latvia-based developer and manufacturer of high-performance anti-reflective and UV-protective glass coatings. The acquisition brings GroGlass’ differentiated coating technologies and materials science expertise into Apogee’s performance surfaces segment, broadening its product offering and market reach while expanding its manufacturing and R&D presence in Europe.

Learn more

Capvis has sold hessnatur to Wourth Group

Private Equity | Consumer & Retail

Capvis has sold hessnatur to Wourth Group

Hess Natur-Textilien GmbH & Co. KG has become part of the international Wourth Group. With the change of ownership from Capvis to Wourth Group, hessnatur is entering its next phase of development. The transaction reflects the company’s successful strategic and business development in recent years, and creates a strong foundation for the future.

Learn more