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FirstPort to join residential real estate services group Emeria as Equistone sells majority stake

FirstPort, a UK residential property services company, is being acquired by Emeria, a European specialist in residential real estate services, from the company’s previous majority shareholder, the mid-market private equity investor Equistone Partners Europe Limited (Equistone).

FirstPort will operate as a subsidiary of Emeria, with its existing management team remaining in place and reinvesting in the group. The financial terms of the deal are undisclosed and completion of the transaction remains subject to approval by the Financial Conduct Authority.
FirstPort works with developers, investors, freeholders and over 1,300 Resident Management Companies (RMCs) to provide services to leaseholders. 

Emeria is owned (on behalf of its clients) by Partners Group, a global private markets firm, and TA Associates, a global growth private equity firm.

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