Bahrain-based alternative asset manager Investcorp has agreed to acquire a majority stake in UK-based facilities management company Smart Managed Solutions, in a deal valued at more than $200m, according to people familiar with the transaction.
The acquisition further extends Investcorp’s international dealmaking activity, as Gulf-based investors continue to deploy capital into overseas markets across private equity, credit, and infrastructure assets.
Founded in 2017 and headquartered in London, Smart Managed Solutions provides mechanical and electrical maintenance services for commercial properties, serving clients across sectors including life sciences, education, digital infrastructure, and the public sector. The business has scaled rapidly in recent years, generating over £100m in revenue and recording annual growth rates exceeding 30%, according to Investcorp.
Under the terms of the transaction, the company’s co-founders will retain a meaningful minority stake, ensuring continued involvement in the business following completion of the deal.
Investcorp said the investment reflects its conviction in resilient, service-led businesses operating in structurally growing markets, with scope for further expansion through acquisitions and internationalisation.
The deal comes amid sustained cross-border investment activity from Gulf capital, with sovereign wealth funds and private investors continuing to target European assets despite geopolitical volatility in the Middle East.
Recent large-scale commitments from regional investors have included multi-billion-pound allocations to support major European buyouts, underscoring the scale of outbound capital flows into developed markets.
Investcorp, which manages approximately $62bn in assets including third-party capital, remains one of the region’s largest alternative investment platforms, with a long-standing focus on transatlantic private equity transactions.
