Phoenix acquires Spy Alarms

The firm is currently investing from its Phoenix Equity Partners 2016 fund, which closed on £415m in July 2017. The fund will continue Phoenix's investment strategy of targeting small and medium-sized UK companies with enterprise values of £30-150m.

Phoenix has invested alongside founder and CEO Tom Howard, who has made a substantial reinvestment in the company as part of the transaction. Phoenix will provide funding to support further acquisitions, according to a statement.

The company has completed 16 acquisitions since it was established in 2012.

Debt financing for the deal has been provided by Crescent Capital.

Company
Headquartered in Orpington with offices in Merton and Canterbury, Spy Alarms serves both commercial and domestic customers across London and the south-east of England. Spy installs, maintains and monitors intruder alarms, CCTV, fire safety systems and access control systems, using remote technology products and services to help safeguard its customers. The company was founded in 2012.

People
Spy Alarms – Tom Howard (CEO).
Phoenix Equity Partners – Chris Neale (partner).

Advisers
Equity – Arrowpoint (corporate finance); CMS (legal); Teneo (management due diligence); EY (financial due diligence); Deloitte (debt advisory).
Vendor – Deloitte (corporate finance); Connecting Advisors (corporate finance); Stevens & Bolton (legal).

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• Topics
• Buyouts
• UK / Ireland
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• United Kingdom
• Phoenix Equity Partners
• CMS Cameron McKenna
• Deloitte