Press release - 30 October 2003
CapMan invests in Swedish facility management company Serco Sverige AB
The UK public service company Serco Group plc will sell its Swedish holding company Serco Sverige AB and all its Swedish contracts to the funds managed/advised by Nordic private equity investor CapMan. Serco Sverige AB provides integrated facility management services, enabling its customers to focus on their core businesses.
The closing of the deal is expected to happen on 31 October 2003. The transaction will be made for a new company and the operations will continue under a new name, which will be decided at closing at the earliest. Management of the new company will have a combined ownership of approximately 2% in the company.
Serco Sverige AB is one of the leading providers of integrated outsourced facility management services in the Swedish market. It takes care of support services such as technical maintenance, catering, cleaning and reception. Serco Sverige AB’s customers include major Swedish companies as well as authorities (for example with nuclear power and airport administration) and municipalities.
The Swedish facility management market has clear growth potential. The increasing demands for efficiency and service force both the business community and public sector actors to focus on their core activities, which leads them to outsource facility management services. At the moment the level of facility management penetration in Sweden is relatively low compared to the European average.
“We see clear growth opportunities in this sector. Serco Sverige AB has built a promising position in the Swedish facility management market. It has a unique competence in the integration of support solutions and its ability to deliver comprehensive solutions and to analyse operations with a high level of complexity is, from our viewpoint, a major competitive advantage,” says Mr Jan Dahlqvist, Investment Director at CapMan.
“CapMan’s investment will allow us to develop Serco Sverige AB as an independent company. It brings new resources to decision making and financing and allows us to develop our competencies and service capability more efficiently than before,“ says Ms Christina Lindström Olsson, CEO of Serco Sverige AB. “In short, this investment will offer us excellent conditions to develop our services according to the specific needs of facility management clients,” she adds.
The investment in Serco Sverige AB is CapMan’s second buyout investment in Sweden since CapMan expanded its buyout operations to Sweden last March.
For further information, please contact:
Mr. Jan Dahlqvist, Investment Director, CapMan Buyout Business Unit, tel. +46 708 17 60 60
Ms. Christina Lindström Olsson, CEO, Serco Sverige AB, tel. +46 705 88 95 26
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