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FRP Corporate finance has advised UK-based Trust Property Management Group on its sale to PHM Group for an undisclosed sum.
Established in 2006, the Trust Group operates in the London metropolitan area and specialises in the management of residential properties and other expert services in the field of property management.
Over the years, the company has built a client portfolio consisting of high-value properties within premium postcodes in Central London and surrounding areas. Trust Group now manages more than 11,000 homes across the country, with a team of 59 office-based staff and 91 site based staff.
Headquartered in Finland, PHM Group has seen strong growth in European countries in recent years, first expanding outside the Nordic countries into Germany in 2022, then extending into the Swiss market in 2024. The acquisition of Trust Group expands operations into the UK and provides a platform to build a full-service residential property company in the UK market.
The acquisition includes the Group’s subsidiaries Trust Property Management, Fresh Property Management, Nightingale Chancellors, Dexter Brown, and Skylon Chartered Surveyors. As part of PHM Group, Trust’s business will continue as usual. The transaction is expected to be completed by July 2025 and is contingent on the approval of the UK Financial Conduct Authority (FCA).
The FRP Corporate Finance team, led by partner Clive Hatchard, director Richard Boyden and associate director Chris King, were appointed sell-side advisers to the shareholders of Trust Property Management Group based on the team’s strong credentials, experience and reputation within the property management sector.
The sale of Trust Group to PHM Group marks the sixth deal by FRP Corporate Finance in the property management sector, having advised on the sale of Encore for Queen’s Park Equity in October 2024, the sale of The Vegner Group for Harwood Private Equity in September 2023 and the sale of Trinity Property Group in July 2022.
Clive Hatchard, Partner at FRP Corporate Finance, said: “The property management sector is experiencing high levels of deal activity as it continues the consolidatory path set out in recent years. Trust represents an excellent entry into the UK for PHM with its strong management team and high end, London focus portfolio. We were delighted to help facilitate this transaction and are confident the Trust team and business will continue to flourish within the PHM Group.”
Julian Finegold, Group Chairman of Trust Property Management Group, added: “FRP Corporate Finance were there every step of the way as we moved from vague interest to a clear plan that eventually, a year later, led us to sell to PHM Group with whom we felt most at home. Clive and the team were knowledgeable, decisive and clear in their guidance.
“I realised early that for me this was the first time I had been down this track, but Clive knew the route well. It had its ups and downs but eventually reached the desired end. At the end of the day it is just like any other business decision – it is always a question of trust in the people.”
Ville Rantala, CEO of PHM Group, said: “Gaining a foothold in the UK is a natural next step for PHM Group to grow. The UK is a very attractive region for PHM Group. We aim to implement our growth strategy in the UK market and build a full-service residential property service company there.”
