This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

MBO at Facilities Services Group

24 February 2011

The management team at Facilities Services Group (FSG) has completed a £9m management buyout from the Spice Limited.

George Lilly

Managing Director, George Lilly and Executive chairman, David Simons of Facilities Services Group (FSG) announced this week that sees FSG breaking away from Spice Limited with support from NBGI Private Equity for the £9m deal. Both Lilly and Simons joined Spice Limited in 2009 with a mandate to lead an MBO. NBGI Private Equity has taken an majority stake in the company and is committing further capital to expand the FSG's range of services and delivery capabilities. 
Facilities Services Group is an integrated services provider operating largely in the retail, leisure and property sectors. The company was created by Spice Limited following the acquisition of three related business in 2005-7. FSG was formed as a brand in 2008 through the merger of these companies - Circle Britannia, Serviceline and Atlanta Facilities.
From its head office at Aylesbury in Buckinghamshire FSG provides a nationwide service including reactive maintenance, compliance and managed services solutions directly delivered by 250 directly employed tradespeople and backed up by 20 field service managers.
George Lilley said: "FSG Group was non core to Spice’s ongoing operations. This deal represents a marvelous opportunity for us. We have great confidence in the business and its people and are well-positioned for future growth."
David Simons added: "We are delighted to have completed this transaction. The management team at FSG has a strong understanding of our customers’ needs and the many strengths that exist within our business. With the support of our funder, the MBO allows us to invest in developing our services even further."
David Simons and George Lilley have combined some 44 years’ experience in FM with companies including GSH Group, WS Atkins, Broadgate Estates and Middleton Maintenance.
www.facilities-services-group.co.uk


Contact Details and Archive...

Print this page | E-mail this page

http://www.fsifm.com
PFM


MOST VIEWED...

View more articles
Article image

Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the r...
Article image

ENGIE named best sustainable FM company in the UK

Energy and support services specialist ENGIE UK & Ireland has come out on top in the Sustainable Facilities Management Index (SFMI) Awards for a second...
Article image

Pictures of PFM Awards 2019

Following this year’s spectacular evening of celebration at The Brewery venue in London, pictures of the PFM Partnership Awards 2019 can now be viewed and ...
Article image

PFM Partnership Awards 2019 winners announced

Winners of this year’s PFM Awards received their trophies last night at the spectacular evening of celebration once again held at London’s The Brewery venu...
Article image

Council aims to sign FM contracts with SME service providers

Bolton Council has announced it intends to award its outsourced service contracts to SME businesses, preferably those based in the area....
Article image

Demand for worker protection increases from new sectors

Employers are turning in record numbers to tech-driven ways to ensure their staff are protected from risk at work, according to one of the country’s leadin...