
ITALY – MPS Venture exits from facility management firm
MPS Venture has announced the sale of its 25 percent stake in facility management firm Manutencoop to Manutencoop Società Cooperativa.
This transaction will see the liquidation of Ducato Venture, one of the funds managed by MPS which invested in the company alongside MPS Venture I. The EUR 16.4m deal generated a EUR 9.8m capital gain for Ducato.
MFM was established in 2003 as a spin-off from Manutencoop Società Cooperativa, operating specifically in the facilities management sector and in environmental services. It is part of the Manutencoop Group established in 1938 to manage the cleaning contract work for Ferrovie dello Stato, subsequently widening its range of activities to offer clients a variety of products including property management, environmental sanitization and energy services by means of global service agreements.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater