PENNINGTONS MANCHES COOPER ADVISES ON £18 MILLION MANAGEMENT BUYOUT

The corporate team at Penningtons Manches Cooper has acted for the founding shareholders of Pareto FM in the recent £18 million management buy-out of the Oxfordshire-based facilities management business. The management buy-out was backed by private equity firm NVM.

Pareto was founded in 2014 with the aim to create the most service focused, customer centric, facilities management company in the UK. In a sector estimated to be worth £120 billion, Pareto has grown rapidly and continued to perform strongly during the COVID-19 pandemic, recently securing several high profile contract wins with global technology, media and software firms. Funds from the deal will enable Pareto to invest in technology in order to maintain its growth story and continue to disrupt the FM market.

The Penningtons Manches Cooper team was led by corporate partner David Tighe, with support from James Went, Dominique Sabatini and Emma Simmonds.

Andrew Hulbert, Managing Director of Pareto said: “We very much appreciated the support, professional guidance (and when required!) good humour of the team at Penningtons. Their straight talking approach was invaluable in getting the deal done within the time frame required.”