Independent investment firm Equistone Partners Europe has signed an agreement to acquire FirstPort, a residential property management company, from Epiris and Chamonix Private Equity for an undisclosed amount.
According to Equistone, FirstPort’s incumbent management team will remain invested in the business and continue to pursue the same customer-focused strategy.
Completion of the transaction remains subject to approval by the Financial Conduct Authority.
FirstPort manages 196,000 residential properties across more than 3,900 developments throughout the United Kingdom. The company works with developers, investors, freeholders and more than 200 resident management companies to provide services to leaseholders.
Equistone operates across France, Germany, Switzerland and the United Kingdom, investing as a strategic partner alongside management teams, according to its website.
