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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.

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

Paris McNicol-Outch

Associate Director
London, United Kingdom
Oaklins Cavendish

Harry Radburn

Associate Director
London, United Kingdom
Oaklins Cavendish

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