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Travers Smith advises FirstPort on the acquisition of Mainstay

Overview

Travers Smith LLP has advised FirstPort, the UK’s largest residential property manager, on its acquisition of the Mainstay Group, a leading property and asset manager.

The Travers Smith team was led by Private Equity & Financial Sponsors Partners James Renahan and Emma Havas, assisted by Senior Associate Sally Hirst and Associate Matt Hutchison with tax advice provided by Tax Partner Jessica Kemp and Associate Kaleem Khan and finance advice provided by Finance Partner Andrew Gregson and Senior Associate Taggio Price.

Nigel Howell, CEO of FirstPort, commented: “We are delighted to be joining forces with Mainstay to deliver the very best property and asset management services for our customers and clients.  Mainstay’s achievements and track record are impressive, and we are proud to be welcoming them into the FirstPort group.  This is a great milestone for both businesses, which will see us learning from each other and working together to continue to drive the highest industry standards and realise new market opportunities.”

Last year Travers Smith acted for Equistone on its investment in FirstPort and during the first year of their partnership, Equistone has supported FirstPort's continued growth, investment in a comprehensive digital transformation programme and enhancements to its customer service offering.

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