Facilities Services Group Completes £9M MBO from Spice Ltd

NBGI Private Equity has backed the £9m management buyout of Facilities Services Group Ltd (FSG), an Aylesbury, UK-based provider of hard facilities management services to large, multi-site operators, mainly in the retail and leisure sectors, from Spice Ltd.
Through the transaction, NBGIPE has backed the company’s existing management team, led by Managing Director George Lilley and Executive Chairman David Simons, who both joined FSG in late 2009 with a mandate to lead an MBO.
NBGIPE has taken a majority stake in the buyout and is committing further capital to expand the company’s range of services and delivery capabilities.

FSG specialises in integrated facilities management services across the retail, leisure and property sectors. It was formed as a brand in 2008 through the merger of leading retail and leisure companies including Circle Britannia, Serviceline and Atlanta Facilities. The company provides a nationwide service including reactive maintenance, compliance and managed services solutions.

FSG’s service is delivered by 250 directly employed tradespeople and backed up by 20 field service managers.

In conjunction with the financing, Richard Babington, Investment Director at NBGIPE, has joined FSG’s board.

Join the discussion