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New Deal


Announced

Bidvest Noonan to acquire Cordant Services from Twenty20 Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

Integrated FM

United States

specialist cleaning

Acquisition

Domestic

Private Equity

Friendly

security

corporate guarding

Private

Pending

planned maintenance

Synopsis

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Bidvest Noonan, a provider for services such as security, cleaning, front​-of-house and ancillary services, agreed to acquire Cordant Services, a facilities management services provider, from Twenty20 Capital, a private equity firm. Financial terms were not disclosed. "This is a landmark moment for Bidvest Noonan and Cordant Services, as together we will deliver even greater support and value to our clients and create more opportunities for our people. It cements Bidvest Noonan’s position as a leading provider of security, cleaning and support services in the UK, with a significantly enhanced footprint, capability and expertise to deliver the highest standards of services to clients across a wide range of sectors and industries," Declan Doyle, Bidvest Noonan CEO.

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