Windcorp Translink, member of Translink Corporate Finance is pleased to announce that they have served as exclusive M&A advisor to OMB Self Storage S.L. shareholders’ in the sale of a 100% stake to Safestore Holdings. The transaction is valued at EUR17.25m.
OMB Self Storage founded in 2013, provides 24 hour self-storage services in Barcelona to individuals and businesses. The Barcelona-based company currently operates 4 storage facilities in the city centre, accounting for a total capacity of 9,700 m2 and an occupancy level of 68%. In 2018 OMB Self Storage sales rose by 22% compared to the previous year up to EUR 2,02m.
Safestore is the UK’s largest self-storage provider. The firm provides personal, business and student storage services through 122 facilities in the UK and 28 in Paris. Apart from the acquisition of OMB Self Storage, Safestore had also conducted a recent acquisition in Netherlands. In 2019, the company reached GBP 152m sales (EUR 180) and a gross operating profit of GBP 87,5m.
With the incorporation of OMB Self Storage in the shareholding, Safestore Holdings seeks to enter and exploit growth options in the Spanish market, especially in big cities such as Barcelona, where families and companies that occupy offices and houses in the center area are in need of more storage space due to the high rental prices.