
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.
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