The owner of supermarket chain Morrisons has turned to non-bank lenders to fund a £2.3bn double-swoop on two outsourcers which employ thousands of people in Britain
John Hunter, OCS Group chief executive, said:"Our growth strategy, based on clear sector choices, has underpinned the transformation and growth of the OCS FS business over the last six years."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".
CD&R has an extensive track record at investing in family-owned companies, and has been a prolific backer of companies in the business services sector. Atalian Servest was formed from the £540m takeover in 2018 of Bury St Edmunds-based Servest by its French counterpart. Last year, OCS won a contract to supply security staff to the 2022 Commonwealth Games in Birmingham, which get underway this week.
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