M&A Deal Summary

Emeria Acquires FirstPort

On March 29, 2022, Emeria acquired real estate company FirstPort from Equistone

Acquisition Highlights
  • This is Emeria’s 1st transaction in the Real Estate sector.
  • This is Emeria’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2022-03-29
Target FirstPort
Sector Real Estate
Buyer(s) Emeria
Sellers(s) Equistone
Deal Type Add-on Acquisition

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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Buyer(S) 1

Buyer

Emeria

Antony, France
Category Company
Sector Real Estate
Employees8,000
Revenue 700M EUR (2015)
DESCRIPTION

Emeria is an acquisitive and tech-enabled platform that provides a range of real estate services to residential property owners and tenants, including joint-property management, lease management, letting and brokerage services. The Company also offers insurance services, such as multi-risk guarantee and rental guarantee insurance, and a range of ancillary, digital, and B2B services, including diagnostic solutions and B2B property management. Emeria is based in Antony, France.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

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, England.

DEAL STATS #
Overall 179 of 192
Sector (Real Estate) 3 of 3
Type (Add-on Acquisition) 58 of 67
Country (United Kingdom) 80 of 84
Year (2022) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-28 Team ITG

Birmingham, United Kingdom

Team ITG is a marketing services and technology business that helps major brands and retailers improve the efficiency, speed, cost and control of their marketing operations. Team ITG was founded in 2009 and is based in Birmingham, England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-20 OneOcean

Enfield, United Kingdom

OneOcean is a distributor of navigational data charts, marine technical publications and digital products. OneOcean was founded in 1998 and is based in Enfield, United Kingdom.

Sell -
Mergr

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