CD&R to form facilities management group with two primary buyouts

Wahida Ahmed
28 July 2022

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Clayton, Dubilier & Rice (CD&R) is forming a new global facilities management platform with the acquisition of two Europe-based, family-owned businesses.

The US sponsor has reached an agreement to buy the facilities services business of OCS Group and made a binding and irrevocable offer to acquire Atalian, according to a press release. The two companies will merge to form a group specialised in areas such as cleaning, multi-technical services and security, in Europe and Asia-Pacific.

According to a press report back in May, the transaction was expected to be valued at GBP 2.5bn.

CD&R, which bought supermarket chain Morrisons last year, invested through CD&R Fund X, which held a final close on USD 16bn in February 2021, surpassing its target of USD 13bn, according to Unquote Data.

Company
Headquartered in Surrey and founded in 1900, OCS has more than 68,000 employees and serves 20,000 clients across the UK, Ireland, the Middle East, and Asia-Pacific. The company provides services including hygiene management, cleaning, catering, horticulture, security, and rail services, among others, according to its website.

Atalian was established in 1944 when it was known as TFN. It employs 123,600 employees and has 32,000 customers. The group's turnover in 2021 was EUR 3bn. Its services include cleaning, security, maintenance & energy management, hosting services, and catering, according to its website.

In 2009, TFN acquired Véolia Propreté Nettoyage Multiservices and Eurogem to form Atalian. In September 2019, Atalian Severest divested Atalian Espaces Verts, its landscaping division, in a sale to MBO & Co (formerly MBO Partenaires).

People
Clayton, Dubilier & Rice – Christian Rochat (partner).