Our Corporate finance team, alongside Law firm DMH Stallard (DMHS), recently advised on the sale of Anabas, a facilities management provider to Armonia, part of the Sofinord Group and a global facilities management business.
Securing the future of Anabas
Anabas, established in 2004 by Mark Cooper, provides a range of services in facilities management as well as delivering high-quality corporate office spaces in the UK, for organisations including Ogilvy and Mitchells & Butlers plc.
Creating multiple opportunities for development and career progression, this deal will help to strengthen Anabas’ financial standing, while accelerating its growth trajectory and enabling a broader service offering.
Retaining the brand
Armonia, a French facilities management provider, established in 1974 has around 16,000 employees located from France to North Africa. It provides a variety of facilities management services to organisations including Hermes and Renault Digital.
Alastair Craig, managing director, will continue his role with the Anabas brand while retaining a shareholding with the management team.
Our corporate finance team, spearheaded by director, Kevin Paget, advised Ananbas on a variety of different aspects including; deal structure negotiations, net working capital/free cash position, due diligence process and the commercial aspects of the legal documentation.
Kevin Paget, corporate finance director, said: “This deal will help to accelerate the growth of Anabas, bringing a number of benefits to both the business and its customers. The Menzies team were delighted to advise the shareholders on this transaction, and we look forward to observing the business strengthen its foothold within the facilities management market.”
Alistair Craig, managing director of Anabas, said: “Kevin and his team at Menzies guided us expertly through the maze of corporate finance and helped to secure a strong sale for Anabas. They dealt calmly with some challenging moments and we very much appreciate their advice and support along the journey.”
Led by Gatwick-based corporate partner, Danos Athanasi, DMH Stallard advised the selling shareholders of Anabas on the legal aspects of the transaction.
Danos Athanasi said: “DMHS has a long-standing relationship with Mark and Alistair, and we were delighted to assist them on this deal in a tight timescale. The company has an exciting future ahead, and I have every confidence that it will continue to develop and expand with the ongoing leadership of Alistair, his team and the Sofinord Group.”
ABOUT MENZIES CORPORATE FINANCE
Our award-winning team take a quality driven, proactive and personal approach to advising transactions. Our corporate finance team will provide you with director-level advice and support, while working alongside other Menzies employees from the wide-ranging skill set available within the firm, to ensure that the advice we give encompasses all your needs.
For further information on this deal, or to discuss your specific circumstances, please click here.
Posted in News