Carlyle Global Credit leads the acquisition financing of Atalian and OCS by CD&R
Carlyle led unitranche debt facilities that support the creation of a global platform in facilities management
London, UK – 28 July 2022 - Global investment firm Carlyle (NASDAQ: CG) is pleased to announce that its Global Credit platform is leading the debt financing package to support Clayton, Dubilier & Rice’s (“CD&R”) acquisition of French-based Atalian and UK-based OCS Group (“OCS”) to create a global platform in soft facilities management.
The transaction involving these two international and family-owned businesses will create a leading global facilities management player with a leading presence in Europe and Asia-Pacific, providing best-in-class cleaning, building maintenance, security, catering, and multi-technical services, among others.
Taj Sidhu, Head of European Illiquid Credit at Carlyle, said: “This transaction is a testament to the certainty of execution that Carlyle can provide, including in challenging credit environments. It demonstrates our established strategy of partnering with experienced and high-quality sponsors and family-owned businesses, and supporting the build-up of strong, resilient businesses.”
Otto Alaoui, Principal in Carlyle Global Credit, added: “We are pleased to support CD&R’s investments in Atalian and OCS, creating a platform that is uniquely positioned to meet growing and resilient demand for essential facilities management services. We are confident that the new global entity will transition into becoming a leading facilities management platform that will drive growth through its unique customer offering and diversified suite of services.”
Carlyle Global Credit manages $143 billion in assets on a pro forma basis as of June 30, 2022. It regularly pursues investments in privately negotiated capital solutions for upper middle market borrowers, including both private equity sponsored and family or entrepreneur-owned companies.
The acquisitions and new platform are subject to the information and consultation works council and clearance from the relevant regulatory authorities.
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $376 billion of assets under management as of June 30, 2022, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 1,900 people in 26 offices across five continents. Further information is available at www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.
Atalian is one of the world leaders in Facility Management. An independent company established across four continents, Atalian supports organisations in the outsourcing of services for buildings. The company offers cleaning, catering, security, and other building services. Atalian operates in the most diverse business sectors and environments with a global and integrated range of services that meet the highest requirements. For more information, please visit https://atalian.com/.
About OCS Facilities Services
OCS 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 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. For more information, please visit www.ocs.com/.
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.
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