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Apex Partners acquires Faceo

04 September 2007

The funds managed by Apax Partners SA have just signed an agreement to acquire the Faceo group, a European specialist in Facility Management, from its joint shareholders Cegelec and Thales.


The transaction, conducted in association with the management team of Faceo, should be closed in the coming weeks. It is financed through equity, along with senior debt arranged by Société Générale and mezzanine debt from Indigo.

Created in 2000, Faceo has become in a few years a leading European player in Facility Management. As a global player, the group covers a wide range of activities based around real estate services and soft and hard services (including cleaning, maintenance, gardening, remote monitoring, document management, reception, property management, etc.).
The Faceo group attends to the needs of more than 130,000 European users and is reputed for the quality of its client portfolio including, beside Thales and Cegelec, AGF, Alcatel, Areva, EADS, France Telecom, General Electric, Nestlé, PSA, Sanofi-Aventis, Siemens and the Quai Branly Museum - to name but a few. Present in France, Great Britain, Germany, Austria, Italy, Switzerland and the Benelux countries, the Faceo group has 1,533 employees. In 2006, its turnover amounted to €349 million, up by 10% compared to 2005.

“We are pleased to have found a partner specialising in the business services sector, which will provide us with the benefit of its expertise and its experience as a corporate developer. Thanks to the support of Apax Partners, we will be in a position to see through an ambitious development programme and grasp the best opportunities in terms of acquisitions, be they in France or in Europe to reach critical size,” declare Serge Clemente and Serge Delon, co-managers of Faceo.

“Facility Management is a market undergoing rapid growth. Faceo has all the key skills and know-how to impose itself as one of the European leaders in this market, owing to the scope and flexibility of its services, its top-class client portfolio and the quality of its teams,” states Monique Cohen, Partner at Apax Partners.




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