CD&R in potential Balfour and Rentokil deal

According to reports, CD&R has already entered into initial talks with Rentokil.

Rentokil's facilities management unit is believed to be worth around £400m. It is understood that Balfour's WorkPlace facilities could fetch around £200m.

Rentokil is clearly reviewing its business following its recent sale of its City Link division to Better Capital for £1 in April this year. Reportedly, Rentokil said earlier this year that it would be open to selling its UK-based facilities management unit in an effort to increase its international business.

CD&R declined to comment.

The asset class has shown a fondness for facilities management companies as more and more businesses continue to outsource non-core activities. Notably, EQT owns Danish facilities management giant ISS, which was nearly purchased by trade buyer G4S in November 2011 in a £5.2bn deal. However, plans were later scuppered by reluctant shareholders.

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