DLA Piper has advised Metric Capital Partners LLP (MCP), a European private capital group, on their establishment of the MCP Self-Storage Platform, created to provide growth capital to independent self-storage operators to acquire and build self-storage assets across the European market.
As part of the launch of the MCP Self-Storage Platform, Metric has acquired two independent self-storage operators in London, United Kingdom and Leipzig, Germany to support their strategic site rollout development and acquisition plans. The MCP commitment envisages funding new sites in the Greater London area and Germany. The Platform is also reviewing investment opportunities in a number of additional European countries. The strategy will be to capitalise on the growth and relative under-penetration of the asset class in Europe by backing local self-storage operators and leveraging the potential economies of scale of a large platform. This initiative builds on the Metric Capital progress made in its Fund II Investment in Less Mess Storage.
MCP is an independent and pan-European private capital group that invests in European firms by creating tailor-made capital solutions and seeks to support their ambitions by enabling them to execute strategic transactions. Metric Capital Partners aims to be a value-add partner to the companies in which it invests. Metric Capital Partners manages nearly EUR1.6 billion, spread over three funds raised since 2012, of which EUR860 million was raised for Metric Private Capital III.
The DLA Piper team advising on the transaction was led by Frankfurt-based Corporate partner Dr Mathias Schulze Steinen (Picture – Corporate/M&A) and London-based Finance partner Mark Dwyer. The team in Frankfurt also comprised partners Andreas Füchsel (Private Equity), Dr Sascha Morgenroth (Employment,), Semin O (Antitrust) and Dr Konrad Rohde (Tax), counsel Robert Hofbauer (Finance & Projects), Dr Dennis Hog (Real Estate) and Dr Raimund Behnes (Tax), senior associates Stefan K. Kutscheid, Anne Vins-Niethammer (both Corporate/M&A) and Tony Sparing (Finance & Projects ) as well as associates Konstantin Decker-Horz (Real Estate) and Philipp Groll (Corporate/M&A).
From DLA Piper’s London office key team members included partner Rob Salter (Corporate), legal director Mark Satterly (Real Estate), senior associate Mei Mei Wong, associate James Tighe and solicitor Sarah Griffiths (all Finance & Projects ). Luxembourg-based partner Xavier Guzman (Finance & Projects), counsel Ambroise Foerster and associate Mateusz Glowacki (both Corporate) also advised on the transaction
Involved fees earner: Raimund Behnes – DLA Piper; Konstantin Decker-Horz – DLA Piper; Mark Dwyer – DLA Piper; Ambroise Foerster – DLA Piper; Andreas Füchsel – DLA Piper; Mateusz Glowacki – DLA Piper; Sarah Griffiths – DLA Piper; Philipp Groll – DLA Piper; Xavier Guzman – DLA Piper; Robert Hofbauer – DLA Piper; Dennis Hog – DLA Piper; Stefan Kutscheid – DLA Piper; Sascha Morgenroth – DLA Piper; Semin O – DLA Piper; Konrad Rohde – DLA Piper; Rob Salter – DLA Piper; Mark Satterly – DLA Piper; Mathias Schulze Steinen – DLA Piper; Tony Sparing – DLA Piper; James Tighe – DLA Piper; Anne Vins-Niethammer – DLA Piper;
Law Firms: DLA Piper;
Clients: Metric Capital Partners LLP;