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.
About Clayton, Dubilier & Rice
Founded in 1978, Clayton, Dubilier & Rice is a private investment firm with a strategy predicated on building stronger, more profitable businesses. Since inception, CD&R has managed the investment of more than $40 billion in more than 100 companies with an aggregate transaction value of more than $175 billion. The Firm has offices in New York and London. For more information, please visit www.cdr-inc.com.
About OCS Facilities Services
OCS FS delivers critical and essential services to support more than 20,000 customers to keep their businesses running 24 hours a day. From offices and hospitals to stadiums and retail parks, to manufacturing plants, airports and courtrooms, OCS FS protects assets and people, delivering services to customers across multiple sectors in communities every day. 68,000 colleagues expertly deliver an essential and comprehensive range of facilities management services internationally, including in the UK, Ireland, Middle East, India, Thailand, Malaysia, Australia, New Zealand, Cambodia and Bangladesh.