Equistone-backed FirstPort to merge with Mainstay

Equistone agreed to acquire FirstPort from Knight Square – a portfolio company of Epiris and Chamonix Private Equity – in July 2019. FirstPort's management team retained a minority stake in the business following the deal. The firm drew equity from its Equistone Partners Europe Fund VI, which closed on €2.8bn in March 2018.

To date, FirstPort has completed two previous transactions, strengthening its team and service offerings with the acquisitions of Barratt London's property management company, BRAM, in 2019 and Linden Homes' property management provider, Pentland Estate Management, in 2017.

Company
Founded in 2000 and based in Worcester, Mainstay is an independent residential property asset management provider, managing more than 80,000 properties across the UK. According to Companies House data, Mainstay had revenues of £26.2m in the year ending in March 2019.

People
FirstPort – Nigel Howell (CEO).
Mainstay – Luke Sanders (group managing director).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• UK / Ireland
• Financials
• United Kingdom
• Build-up
• Buy-and-build
• Equistone Partners Europe