Investcorp buys stake in UK facilities management company

Bahrain-based Investcorp has agreed to acquire a majority stake in Smart Managed Solutions, a UK-based mechanical and electrical (M&E) facilities management company.

As part of the deal, Smart’s co-founders will retain a “meaningful” minority stake in the business, the alternative investment company said in a statement.

No financial details were given.

London-based Smart provides critical M&E maintenance services, generating more than £100 million ($132 million) in revenue and achieving more than 30 percent annual organic growth in recent years.

Smart is expected to pursue further organic growth, alongside a targeted merger and acquisition strategy, to expand into new end markets and regions across the UK, the statement said.

Jose Pfeifer, head of European private equity buyouts at Investcorp, said Smart represents a “compelling opportunity to invest in a high-quality business operating in a large, resilient and growing market”.

In September 2024, Investcorp acquired Stowe Family Law, the largest specialist family law firm in the UK. It also co-invested in Outcomes First Group, a UK-based provider of education and therapeutic care, in December 2023.

Last week, Investcorp acquired what it calls a “strategic” stake in Metra, a UAE-headquartered IT distributor.

Further reading:

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• Investcorp takes stake in UAE IT distributor Metra
• Investcorp Capital expands presence in US housing market