Fri, 25 Feb 2011 | MBO/MBI
Buckinghamshire-based Facilities Services Group (FSG) has undergone a management buy-out estimated to be worth £9 million.
The MBO was backed by NBGI Private Equity and was led by the company's managing director, George Lilley, and its executive chairman, David Simons. The pair had initially joined the company in 2009, already with the intention of leading a buy-out of the company from their positions.
FSG, which operates out of Aylesbury, is a leading provider of hard facilities management, offering the physical maintenance of buildings and equipment to business, with a particular speciality for those working in the retail and leisure sectors.
Following the successful MBO, Mr Simons said, "The continued growth in outsourced facilities management, the appeal of our service offering and our strong management team put us in an excellent position to grow and develop our business."
FSG had previously been owned by facilities management giant, Spice, the provider of maintenance support to the utilities industry. Spice had been listed on the London Stock Exchange, but was taken private in December 2010 when its was bought y investment company Cinven.
NBGI now has the majority stake in the company, and has pledged further financing to allow the company to expand its range of services.
A leading engineering firm focusing on electric power steering solutions and bespoke wiring harnesses serving various industries. It operates as two entities both reputable for maintaining high standards and offering bespoke solutions for clients. In...
Market-leading fruit and vegetable supplier distributing fresh produce and complementary goods both wholesale and D2C. The companys uncompromising drive for customer satisfaction has built strong relationships with across an enviable client base incl...
Turnkey construction services provider completing a range of projects with expertise across maintenance general refurbishment new build and conservation including work on listed buildings. The company provides full-service construction works utilisin...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.