Partly Cloudy

Partly Cloudy

max temp: 11°C

min temp: 6°C

ESTD 1874 Search

East Anglia: Birketts advises Servest on £90m round of fundraising

15:28 20 May 2014

Rob Legge, chief executive at Servest.

Rob Legge, chief executive at Servest.

Facilities management provider Servest has completed a £90million round of funding to help it achieve its goal of becoming one of the top five independent support services companies in the UK.

shares

Servest, which is based at Fornham All Saints, near Bury St Edmunds, currently employs more than 16,000 people at more than 4,500 sites across the UK, delivering servies including catering, security, cleaning, pest control and waste management.

The new funding will be used to provide both working capital and acquisition facilities.

Servest and its owners were advised during the process by a team from the Chelmsford and Norwich offices of regional law firm Birketts, led by Chelmsford-based partner Rafael Ruiz.

He said: “The complexity and value of the transaction, involving shareholders here in the UK as well as in South Africa and the Channel Islands, combined with a tight deal timetable, necessitated teams from our Chelmsford and Norwich offices working together closely.

“I am delighted with the way that we met Servest’s needs and the demands of the transaction, and that we continue to be a part of this East Anglian success story.”

Rob Legge, Servest’s chief executive for the UK and Europe, added: “Rafael and his colleagues in Chelmsford and Norwich provided exceptional levels of service. They drove the transaction and the other advisors forward to meet our time frames, and kept command of the process throughout. I would have no hesitation in recommending Rafael, or any of the Birketts team.”

shares

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other East Anglian Daily Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by East Anglian Daily Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique East Anglian Daily Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

The community in Bentley was successful in buying their village pub, The Case Is Altered.

A scheme hailed by the Government as the saviour of many local pubs has been called into question after an investigation by this newspaper found just one unqualified success in Suffolk since its introduction almost four years ago.

East Anglian Daily Times Business Awards 2014 
Business of The Year winner Aspall 
Tom McGarry EDF , Barry Chevallier Guild of Aspall and Sarah Howard Chamber of Commerce

The number of entries for this year’s East Anglian Daily Times Business Awards has broken the previous record as firms line up across the categories.

Top chef James Martin at the launch of his new eatery at Stansted Airport.

Restaurants are investing in something different for their outlets at Stansted Airport.

GDP figures showed a slowdown in the UK's recovery.

The pace of Britain’s economic recovery will come into focus today with official figures expected to reveal that it slowed in the first three months of this year.

Premier Inns rapid growth story is set to continue after its owner, Whitbread, mapped out plans for as many as 900 hotels by the end of 2020.

Premier Inn’s rapid growth story is set to continue after its owner, Whitbread, mapped out plans for as many as 900 hotels by the end of 2020.

Doug Field - Executive Officer - Finance and Technology, East of England Co-op

An East Anglian store chain is celebrating a 3% rise in profits, but warned store closures could be on the cards this year as it continues to battle tough trading conditions.

left to right): Andrew Harrison, Managing Director Stansted Airport; Charlie Cornish, MAG Chief Executive; Beth Brewster, MAG Retail Director

Phase two of an £80million project to transform restaurants on offer at Stansted Airport was officially opened yesterday, amid hopes the improved offer will attract long-haul airlines to the transport hub.

TUC General Secretary Frances O'Grady.

Job insecurity and short hours contract are blighting the lives of many workers, say trade unionists.

GDP figures showed a slowdown in the UK's recovery.

Britain experienced a sharp slowdown at the start of the year as growth slipped to a worse-than-expected 0.3%, official figures showed.

BP has seen profits fall as oil prices slump.

BP reported a 20% drop in first-quarter profits today after it was hit by a sharp slump in oil and gas prices.

Most read

Most commented

Topic pages