Sunday, March 3, 2024

Leeds-based private equity house invests in property services provider

Leeds-based private equity house Key Capital Partners has completed a £9.1m investment in SJA Group, an integrated property services provider. The deal sees Key acquire a significant minority stake in the business.

SJA was established by Adrian Deane and Sam Prett in 2010, based in Sidcup, Kent. SJA’s core services include interior and exterior cleaning and front-of-house concierge services to commercial landlords and tenants.

The Group’s vertically integrated proposition was established through the acquisition of Regency Real Estate in 2020, enabling the group to provide managing agent services to property owners.

The subsequent inception of Enecto in 2021 broadened the Group’s offering into hard facilities management, including mechanical, electrical and building services. Through the vertically integrated model, the Group provides an end-to-end property management service to its clients.

Key were advised by Addleshaw Goddard (Legal), HMT (Financial and Tax), RPL (Commercial), Evolve (Technology), AON (Insurance) and Stratton HR (Management). SJA’s shareholders were advised by Azets (Corporate Finance and Tax), and DWF (Legal).

Partner James Excell said: “We are excited to partner with SJA. The team have built a highly competitive end-to-end service offering to meet the increasing demands from commercial property clients. The market in which the Group operates in is large and possesses credible growth opportunities, which were key considerations for our investment.”

The highly experienced management team, led by Adrian Deane (co-founder), Sam Prett (co-founder), Phil Dale (CEO of Regency), Sam Stokes (COO of Regency), Alan Sillince (Enecto operations director) and James Lyons (SJA operations director) will remain in the business and be supported by incoming non-executive chair, Colin Dobell, who formerly founded the Care & Custody division within Mitie plc.

Co-founder, Sam Prett said: “On behalf of the SJA Board, we are delighted to be partnering with Key. Their understanding of SJA’s business model and strong cultural fit with the team were important considerations when choosing them as our investment partner.

“Key share our passion for providing high-quality services and their track record of supporting high-growth SMEs leaves SJA Group well positioned to capitalise on future growth opportunities.”

This is the sixth Investment from KCP IX and the third in integrated property services, following previous investments in Total Integrated Solutions and Smarter Services.

Key Capital invests between £4 – 20 million in UK based SMEs, supporting founders and owner-managers grow their businesses.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.








Latest news

Related news