Equistone’s Acquisition of FirstPort

Ropes & Gray has advised certain selling shareholders of FirstPort. Equistone was advised by Deloitte Advisory, Travers Smith and Deloitte Transaction Services. Tim Swales, Seb Leusch and Isabella Boman-Flavell led the investment on behalf of Equistone.

Equistone Partners Europe Limited (“Equistone”) is the European mid-market private equity investor, which operates across France, Germany, Switzerland and the UK, investing as a strategic partner alongside management teams.

FirstPort is a leading U.K. residential property management company. FirstPort manages 196,000 residential properties across more than 3,900 developments throughout the U.K. The company works with developers, investors, freeholders and over 200 Resident Management Companies to provide services to leaseholders.

The financial terms of the deal are undisclosed and completion of the transaction remains subject to approval by the Financial Conduct Authority.

The Ropes & Gray team was led by private equity partner Helen Croke, with private equity associate Kenan Ceylan.

The Travers Smith team was led by Private Equity & Financial Sponsors Partners James Renahan (Picture) and Emma Havas, who were supported by Associates Becky Dove, Max Conway, Natasha Cheung and Oliver Murphy. Specialist advice was provided by Tax Partner Russell Warren supported by Senior Associate Tom Rickford and Finance Partner Andrew Gregson.

Involved fees earner: Kenan Ceylan – Ropes & Gray; Helen Croke – Ropes & Gray; Natasha Cheung – Travers Smith; Max Conway – Travers Smith; Becky Dove – Travers Smith; Andrew Gregson – Travers Smith; Emma Havas – Travers Smith; James Renahan – Travers Smith; Thomas Rickford – Travers Smith; Russell Warren – Travers Smith;

Law Firms: Ropes & Gray; Travers Smith;

Clients: Equistone Partners Europe; Firstport Ltd;