Self-storage group Safestore Holdings said this morning that its largest shareholder – private equity house Bridgepoint Capital – has sold its remaining 17.9% stake in company.
In a stock market announcement Safestore said on 19 January that Bridgepoint had sold 33,684,247 shares at 135p, representing 17.9% of the issued share capital of the company.
Citi and Evolution Securities acted as joint bookrunners in the placing.
Richard Grainger, Safestore’s chairman, said: “On behalf of the Board I would like to thank Bridgepoint for its unstinting support over the last seven years. The disposal will enhance liquidity in Safestore’s shares and we welcome the support from our existing institutional shareholders as well as new investors.”
Safestore is the
On Tuesday it bounced back into a full-year profit reporting pretax profits of £29.2m following a £9.42m loss last time.
paul.norman@estatesgazette.com
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