FBM assisted shareholder of self-storage provider GaragePark in partial sale
FBM has assisted GaragePark’ s CEO and sole shareholder Rick Venema in a partial sale of his shares to H2 Equity partners. The entry of H2 Equity Partners allows GaragePark to accelerate its ambitious growth strategy and further strengthen its position in the fast-growing self-storage market.
GaragePark is a developer and operator of high-quality self-storage parks throughout the Netherlands. The parks feature a high level of security, making them ideal for entrepreneurs (stock and equipment). The company has a unique value proposition, with parks in (semi-)urban areas with large (>18m2) private units with services such as 24/7 security, sanitary facilities, parking and private mailboxes. Through frequent use of solar panels, the parks are operated energy-neutral. GaragePark was founded in 2008 by real estate entrepreneur and current CEO Rick Venema and since then has a track record of successfully realizing more than 50 parks throughout the Netherlands.
Stefan Antonissen and Philip van der Hoek advised the management and shareholder of GaragePark on behalf of FBM throughout the acquisition process. The work included drafting an information memorandum, structuring the transaction, assisting in the due diligence process and the final negotiations regarding the purchase and sale agreement.