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  • Writer's picturePithos Capital

Pithos Capital acquires a majority stake in Catalan self-storage operator YoGuardo

Pithos Capital has reached a definitive agreement to acquire a majority stake in YoGuardo, a self-storage company active in Barcelona and its surroundings.

SEPTEMBER 14, 2022 | BARCELONA, SPAIN
SEPTEMBER 14, 2022 | BARCELONA, SPAIN

The historical management team will continue to lead the development of the current business and the expansion to new locations.

“Our ambition is to become the reference self-storage player in Catalonia within 5 years. With the support of Pithos Capital, we will be able to accelerate our growth and realize key investments to increase our customer experience” told Camilo Pacheco, YoGuardo’s founding partner.

The company currently operates 5 stores in Barcelona city center and adjacent cities. It will soon open a new 3,000 sqm facility in Terrassa (40min driving from Barcelona) and plans to add further stores in the next 3 years to continue expanding its footprint in the region. “We see significant potential for YoGuardo, not only on real estate development but also in strategic fields such as operations’ digitization” commented Alexandre Hamaide, Managing Director of Pithos Capital.


Self-storage has been growing strongly in Spain (double-digit over the last 10 years) and is particularly dynamic in Catalonia. However, growth potential remains significant due to the relative underdevelopment compared to the Anglo-Saxon markets and the increasing product awareness.


About Pithos Capital

Pithos Capital is a thematic platform dedicated to Western European self-storage opportunities. With dual expertise as a private equity sponsor and a real estate investor, Pithos Capital has been active in self-storage for more than 20 years.


Advisors

· Financial: Fotify Business Advisers

· Legal: 100 Rhône Avocats, Gold Abogados

· Real Estate (technical): JLL

· Real Estate (commercial): JLL

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