Investment Summary

Epiris and Chamonix Private Equity Exits FirstPort

On July 12, 2019, private equity firm Equistone invested in real estate company FirstPort from Epiris and Chamonix Private Equity

Investment Highlights
  • This is Equistone’s 3rd transaction in the Real Estate sector.
  • This is Equistone’s 92nd transaction in the United Kingdom.
Investment Fate
  • FirstPort was sold to a strategic buyer in 2022.

Investment Summary

Date 2019-07-12
Target FirstPort
Sector Real Estate
Investor(s) Equistone
Sellers(s) Epiris
Chamonix Private Equity
Deal Type Secondary Buyout

Target

FirstPort

Hampshire, United Kingdom
FirstPort is a UK residential property management company that manages 196,000 residential properties across more than 3,900 developments throughout the UK. The company works with developers, investors, freeholders, and over 200 Resident Management Companies to provide services to leaseholders.

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Investor(S) 1

Investor

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, United Kingdom.


DEAL STATS #
Overall 229 of 252
Sector: Real Estate M&A 3 of 3
Type: Secondary Buyout M&A Deals 73 of 83
Country: United Kingdom M&A 92 of 101
Year: 2019 M&A 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-28 Sateco

Mirebeau, France

Sateco is a French provider of metal formworks and safety platforms. Sateco designs and manufactures metal formworks and safety platforms, which are sold to clients primarily in the construction industry. The business also offers complementary services such as equipment rental, maintenance, technical support and training. Sateco was founded in 1953 and is based in Mirebeau, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-16 Acuity Knowledge Partners

London, United Kingdom

Acuity Knowledge Partners is a provider of high-value research, analytics, and business intelligence to the financial services sector. It Partners supports over 300+ financial institutions and consulting companies through a team of over 2,500+ subject matter experts who work as an extension of the clients’ teams based out of various global delivery centers. Acuity Knowledge Partners was founded in 2002 and is based in London, United Kingdom.

Buy -

Seller(S) 2

SELLER

Epiris

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra Partners is a UK-based private equity firm focused on buyouts, co-investments, secondary fund purchases, and debt investing. The Firm's direct investing group looks to make majority or minority investments of £50 to £250 million in deals valued up to £500 million. Electra was formed in 1976 and is based in London.


DEAL STATS #
Overall 48 of 51
Sector: Real Estate M&A 5 of 5
Type: Secondary Buyout M&A Deals 9 of 9
Country: United Kingdom M&A 38 of 41
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-25 IFG Group

London, United Kingdom

IFG Group plc is a financial services company. IFG Group provides a range of financial solutions including full platform services, pensions administration, and independent financial advice. IFG Group plc was founded in 1963 and is based in London, United Kingdom.

Buy £206M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 TI Media

London, United Kingdom

TI Media Ltd. is a media company, creating quality content that entertains millions of UK consumers every day. TI portfolio encompasses more than 50 well-known brands, including Country Life, What's on TV, Woman's Weekly and Wallpaper*, and operates across multiple platforms – print, online, mobile, TV and experiences. TI Media Ltd. was founded in 1963 and is based in London, United Kingdom.

Sell £140M
SELLER

Chamonix Private Equity

London, United Kingdom

Investor Investor


Category Private Equity Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Chamonix Private Equity is a UK-based a private investment firm focused on acquiring non-core assets or divisions. The Firm looks to acquire assets from corporates, private equity firms, and banks. Chamonix Private Equity is based in London.


DEAL STATS #
Overall 11 of 11
Sector: Real Estate M&A 1 of 1
Type: Secondary Buyout M&A Deals 6 of 6
Country: United Kingdom M&A 9 of 9
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-16 Search Consultancy

Glasgow, United Kingdom

Search Consultancy Ltd. is a provider of total recruitment solutions companies, operating through a network of 13 regional offices and employing over 500 specialist consultants. Search Consultancy was established in 1987 and is based in Glasgow, United Kingdom.

Sell -