
NVM in £18m MBO for Pareto
NVM Private Equity has completed an £18m management buyout of Oxfordshire-based facilities management business Pareto Facilities Management.
Funds from the deal will be used to buy out two founder shareholders and invest in technology to support the firm's continued growth.
David Rolfe and Peter Hodson led the investment for NVM and will join the board to support managing director Andrew Hulbert.
The deal is the seventh from NVM's Private Equity Vintage III Fund, which held a final close on £142m in November 2018.
The vehicle makes investments of £5m-£15m for management buyouts of small and mid-market teams in the UK.
The GP said in a statement that Pareto had performed strongly during the Covid-19 pandemic and had recently secured several contracts with global technology, media and software firms.
Company
Founded in 2014 and based in Charlbury, Pareto is a provider of facilities management services to companies. It has additional offices in London and Manchester.
People
Pareto Facilities Management – Andrew Hulbert (managing director).
NVM Private Equity – David Rolfe (investment partner).
Advisers
Equity – Shoosmiths (legal); Crowe (financial due diligence); Armstrong (commercial due diligence); Continuum (management due diligence); Aon (insurance due diligence); Sooner (debt advisory).
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