London, UK – Investcorp, a leading global alternative investment firm, announced today that it has entered into an agreement to acquire a majority stake in Smart Managed Solutions, or “Smart,” the “Company,” a rapidly growing UK-based provider of mechanical and electrical facilities management services for buildings . As part of the transaction, the Company’s founders will retain a minority stake. The terms of the transaction were not disclosed .

Founded in 2017 and headquartered in London, SMART is a company specializing in mechanical and electrical systems services, including heating, ventilation, and air conditioning (HVAC) , electrical, fire, water, and gas. The company focuses on high-quality commercial buildings, as well as specialized, technology-oriented sectors such as life sciences, education, digital infrastructure, and public sector assets.

SMART has established its position through the quality of its services and its data-driven business model, in addition to its close relationships with major building management companies.

The company has delivered strong performance, with revenues exceeding £100 million, and has recorded annual organic growth exceeding 30% in recent years, driven by increasing demand for high-quality facilities management services in a strong market with a large number of disparate players .

Under Investcorp’s ownership, Smart is expected to continue its organic growth, alongside a well-considered acquisition strategy aimed at expanding into new sectors and regions across the UK. Investcorp will support the company in its next phase of development, including continued investment in technology and strengthening its corporate capabilities.

Yousef Al Yousef, Head of Global Investment Placement at Investcorp, said: “ This transaction reflects our commitment to investing in high-quality opportunities that align with the priorities of our global investors, particularly in sectors that combine resilience, long-term growth, and the ability to create sustainable value. As such, SMART represents an important addition to our UK portfolio, in a sector that benefits from clear structural trends including energy efficiency, digital transformation, sustainability, and the development of building infrastructure .”

The deal also reflects Investcorp's ability to connect global capital with companies possessing strong growth potential, and to support them in their next stages of expansion through our investment and operational expertise and international network. We anticipate that this partnership will contribute to enhancing SMART's growth trajectory, while simultaneously providing an attractive long-term investment opportunity for our clients and partners.

Jose Pfeiffer, Director of Private Equity Acquisitions at Investcorp , said: “Smart represents an attractive investment opportunity in a high-quality sector operating in a broad and resilient market that continues to deliver sustainable growth. Its strong operational track record, differentiated offering, and position in the vital services sector reflect a solid platform that supports its future expansion plans . We look forward to supporting the company in its next phase of growth and value creation through additional investments and selective, targeted acquisitions.”

Lee Bainbridge and Alex Wilken, co-founders of SMART , said: “SMART has built a strong reputation for quality service and efficient execution, supported by a highly competent team. We are excited to partner with Investcorp in the next phase of our growth and look forward to leveraging their extensive experience in supporting founder-owned businesses and expanding their business platforms in this sector.”

Lee Metcalfe, CEO of Smart, said: “We look forward to collaborating with Investcorp as we continue to grow our business. Their strategic support and industry expertise will enable us to further enhance our offerings, invest in our capabilities, including technology, and seize new growth opportunities in the UK market.”

This transaction strengthens Investcorp’s UK track record, building on its recent investments including Stowe Family Law in 2024 and Outcomes First Group in 2023, and reflects its continued focus on investing in high-quality, differentiated, and dynamic service companies. It also aligns with Investcorp’s broader activity in the global business services sector, including its investments in RESA Power in the US and Kee Safety in the UK, underscoring the firm’s belief in core, agile service platforms in key markets .

About Investcorp:

Investcorp is a leading global investment management firm specializing in alternative investments across four asset classes: private equity (investing in mid-sized and emerging companies, and GP staking ), real assets (investing and managing real estate and infrastructure), credit (collateralized loan obligations, large-scale syndicated loans, structured credit, and direct lending to mid-sized companies), and liquid strategies (absolute return investments and insurance asset management) .

Since our founding in 1982, we have focused on delivering attractive returns for our clients and striving to create long-term value in our portfolio companies by following a disciplined investment process, employing outstanding human talent, and leveraging the resources of a global institution with an innovative approach .

We invest capital in our products and strategies to align our interests with those of our customers and other stakeholders. We strive to create sustainable value through our investments and in the communities where we operate, and we take pride in partnering with customers to deliver solutions tailored to their needs .

Investcorp currently manages assets exceeding US$62 billion, including assets managed by third-party asset managers. The firm has 14 offices in the United States, Europe, the GCC countries, and Asia, including India, China, Japan, and Singapore, and employs approximately 500 people of 50 nationalities worldwide .

For more information, please visit: http://www.investcorp.com/ and follow us on @Investcorp on LinkedIn , Twitter and Instagram .

About "Smart Managed Solutions" :

SMART is a leading, innovative, and award-winning Hard FM (Hard FM) company that is redefining the building maintenance industry through an advanced, data-driven, and energy-efficient approach. In an industry where operational agility, regulatory compliance, and sustainability are top priorities, SMART offers a smarter and more effective model for managing assets and facilities .

Its technology-based business model combines data-driven predictive maintenance and intelligent energy management, significantly reducing unplanned downtime, extending asset life, improving operational efficiency, and lowering costs .

SMART also provides immediate and comprehensive performance insights, supporting more effective decision-making, enhancing regulatory compliance, and increasing transparency across buildings and property portfolios. All its solutions are designed to meet the demands of safe and high-performance environments, with a focus on delivering sustainable value to clients .

By integrating digital innovation with sustainability principles, SMART enhances building performance, enabling its clients to achieve their carbon emission reduction targets and meet their broader environmental, social responsibility, and governance (ESG) commitments.

For media inquiries:

International / Gulf Cooperation Council (GCC) countries

Firas Al-Amin

felamine@investcorp.com

Gulf Cooperation Council countries

Yasmine Abdel Khalek

investcorp@fticonsulting.com

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