Private equity firm Phoenix Equity Partners completed an investment in Spy Alarms, a UK provider of electronic security and fire services. Financial terms were not disclosed. "We are proud of everything we have achieved with Spy Alarms and see significant scope for further growth. We are pleased to have found a partner in Phoenix that not only shares our ambition, but also has tremendous experience in supporting growth companies, particularly with their acquisition strategies," Tom Howard, Spy Alarms CEO.