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PAI Partners acquires vacant property management technology specialist VPS

25 Jun 2014

houseParis-based private equity firm PAI Partners has agreed to buy the European division of private equity-backed VPS Acquisitions, which provides technology for the management of vacant properties.

The company, which is backed by TDR Capital, provides vacant property alarms, motion triggered video and CCTV systems and security doors together with specialist property management services.

VPS Holdings generated half of its revenues in the UK, 35 per cent in France and ten per cent in the Netherlands.
It also has operations in Germany, Ireland, Italy and Spain.

The investment marks the fifth deal from PAI’s Europe VI in 2014 following CST, EMG, DomusVi and Labeyrie Fine Foods.

PAI partner Colm O’Sullivan said, “VPS provides an unrivalled range of vacant property solutions, including an attractive portfolio of security technology such as SmartAlarms and SmartTowers.

“The Company has excellent potential to grow across Europe, both organically and via acquisition, and we look forward to supporting the company’s management with their future expansion plans.”

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