PE firm completes £9m investment in property services provider

Private equity house Key Capital Partners has completed a £9.1m investment in SJA Group, an integrated property services provider. The deal sees Key acquire a significant minority stake in the business.

Kent-based SJA’s core services include interior and exterior cleaning and front-of-house concierge services to commercial landlords and tenants. It has built a vertically integrated model through the acquisition of Regency Real Estate in 2020 and creation of Enecto, and now provides an end-to-end property management service to its clients.

Leeds-based Key Capital were advised by Addleshaw Goddard (Legal), HMT (Financial and Tax), RPL (Commercial), Evolve (Technology), AON (Insurance) and Stratton HR (Management). SJA’s shareholders were advised by Azets (Corporate Finance and Tax), and DWF (Legal).  

Partner James Excell said: “We are excited to partner with SJA. The team have built a highly competitive end-to-end service offering to meet the increasing demands from commercial property clients. The market in which the Group operates in is large and possesses credible growth opportunities, which were key considerations for our investment.”

The highly experienced management team, led by co-founders Adrian Deane  and Sam Prett, Regency chief executive Phil Dale and chief operating officer Sam Stokes, Enecto operations director Alan Sillince and SJA operations director James Lyons will remain in the business and be supported by incoming non-executive chair Colin Dobell, who formerly founded the care and custody division within Mitie plc. 

Sam Prett said, “On behalf of the SJA board, we are delighted to be partnering with Key. Their understanding of SJA’s business model and strong cultural fit with the team were important considerations when choosing them as our investment partner. Key share our passion for providing high-quality services and their track record of supporting high-growth SMEs leaves SJA Group well positioned to capitalise on future growth opportunities”. 

This is the sixth investment from KCP IX and the third in integrated property services, following previous investments in Total Integrated Solutions and Smarter Services. 

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