Large independent UK self-storage business acquired by global investor syndicate

Deal Flash

An investor syndicate comprising funds advised by Davidson Kempner Capital Management LP and Pithos Capital has acquired UK Storage Company Ltd.

Originally focused in the southwest of England, UK Storage Company has a portfolio of 28 well-invested sites comprising both leasehold and freehold properties that altogether consist of 11,000 storage units.

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/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, CO-FOUNDER, UK STORAGE COMPANY LTD., UNITED KINGDOM

Oaklins was instrumental in facilitating this deal

Oaklins Cavendish, based in the UK, advised the founders on their complete exit following nearly 20 years of growing the company to be the country’s largest independent self-storage business, with an impressive staffless site and light-touch customer onboarding model. Oaklins Cavendish ran a full auction process, obtaining a total number of offers that reached double digits, before driving value by utilizing this competitive tension to negotiate the optimum deal value and structure for the vendors.

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