Following the Sale and Purchase Agreement announcement in July 2022, OCS Group is now pleased to announce the completion of the transaction with Clayton, Dubilier & Rice (“CD&R”), a leading global investment firm, under which funds managed by CD&R have acquired 100% of the share capital of OCS Group International, the entire facilities services division (“OCS FS”) of OCS Group.
CD&R has also made a binding and irrevocable offer for the acquisition of Atalian, a global facilities services business. Assuming the Atalian deal also completes, OCS FS and Atalian will operate under a joint ownership structure.
From humble beginnings in 1900, OCS FS has grown into a leading international facilities services business, delivering essential and mission critical services to 20,000 customers and employing more than 68,000 colleagues.
John Hunter, OCS Group CEO commented: “I am immensely proud of the OCS business transformation and growth of the OCS FS business that we have achieved over the last 6 years. Under CD&R’s ownership, with their reputation as a business builder and extensive experience in the facilities services space, the business is now well placed to further accelerate its strategic growth ambitions. CD&R is in an excellent position to invest to continue to enhance value propositions for customers, and future opportunities for colleagues.”
OCS was advised by Lazard & Co. Limited as sole financial advisor, and Travers Smith LLP as legal counsel.
