Bridgepoint, a U.K. private equity firm, is selling half of its stake in self-storage giant Safestore. The company will sell up to 32 million shares, retaining 17.9 percent of listed ordinary share capital. The shares will go on sale in 90 days.
Founded in 1998, Safestore is the second largest self-storage company in the United Kingdom, with 90 stores and three business centers, plus 22 stores in Paris. The company had 23 facilities at the time of Bridgepoint’s investment.
Source: AltAssets,Bridgepoint Halves Stake in UK Self-Storage Company