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EQUITY GIANT SET TO FORM A GLOBAL FACILITIES MANAGEMENT PLATFORM

Facilities Management Featured

EQUITY GIANT SET TO FORM A GLOBAL FACILITIES MANAGEMENT PLATFORM

OCS Group have signed a sale & Purchase agreement with the Private equity giant Clayton, Dubilier & Rice (CD&R) for the sale of its facilities services business of OCS FS Group.
CD&R has also made a binding and irrevocable offer for the acquisition of Atalian, a global facilities services business. with the aim of creating a global facilities management platform centred around two family-owned businesses.

The platform will be a global FM player with a major presence in Europe and Asia-Pacific across cleaning, security, catering, and multi-technical services, among others.
Assuming both deals complete, OCS FS and Atalian will operate under a joint ownership structure.
Atalian, which is established across four continents, supports organisations in the outsourcing of services for buildings, while OCS provides critical and essential services to support more than 20,000 customers. Both businesses have major UK operations.
“We are excited by the opportunities that the creation of this platform represents,” said Christian Rochat, CD&R partner.
“Both companies operate in established markets with steady long-term trends. They fit well together with similar values and customer-focused philosophies. We look forward to supporting the teams in developing a leading FM platform with an enhanced customer proposition, drive growth and operating excellence.”
From humble beginnings in 1900, OCS FS has grown into a leading international facilities services business, delivering essential and mission critical services to 20,000 customers and employing more than 68,000 colleagues.
John Hunter, OCS Group CEO commented:
“Our growth strategy, based on clear sector choices, has underpinned the transformation and growth of the OCS FS business over the last 6 years. We have strong ambitions to further expand and develop the business for our customers. CD&R’s reputation as a business builder, with extensive experience in the facilities services space and support to the business, will accelerate the delivery of our strategic ambitions”.
The acquisition of Atalian by CD&R Fund XI and affiliates is subject to the information and consultation requirements of its works councils.
The transaction is subject to certain conditions and is expected to close in the second half of 2022.
The existing OCS Group shareholders will retain ownership of Landmark, the UK flexible serviced office business. The OCS Group Board continue to believe the flexible serviced office sector is a strong investment opportunity and have made a clear choice to maintain ownership of Landmark, with a commitment to build and develop this business into the future.
OCS was advised by Lazard & Co. Limited as sole financial advisor, and Travers Smith LLP as legal counsel.

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