Grant Thornton advises CMM Facilities CMM Facilities has been sold to Excellerate Services UK

November 2020
CCM Facilities
Excellerate Services UK
Adviser to CCM Facilities on their sale to Excellerate Services UK
£undisclosed
Grant Thornton team
  • Usman Malik
    Usman Malik
    Head of Business services, Corporate Finance Advisory
Facilities management
Sell side
Corporate finance
UK

We are delighted to have advised CCM Facilities on their sale to Excellerate Services UK.

We advised the shareholders of CCM Facilities (“CCM”) on the sale to Excellerate Services, a UK subsidiary of the South African-based property conglomerate. CCM provides soft services employing over 740 operatives delivering national services to shared workspace and commercial office sectors primarily for its blue-chip client WeWork. 

The shareholders of CCM engaged our corporate finance and tax teams on the disposal of the company. 

Our role on the transaction was lead advisor, seamlessly supporting the transaction end-to-end up to negotiations of the completion mechanism and drafting support on the legal documentation. 

We utilised our strong international network and deep-rooted sector knowledge within the facilities management sector to approach trade parties that could unlock strong synergistic value. 

Our relationships with Excellerate meant we were able to streamline our approach, managing conversations and negotiations direct. 

We worked with the shareholders to construct an optimal deal structure that enhanced shareholder value and delivered a sale within the agreed timescales. 

Navigating through an increasingly complex process and maintaining momentum during lockdown offered its own unique challenges and we are pleased to have found a long-term partner for the company. 

Testimonial

From the outset I was confident in the team’s M&A experience and expertise within the facilities management sector, culminating in a highly satisfactory conclusion. The team showed exceptional commitment throughout, despite a challenging socio-economic backdrop, and were able to find a suitor that could support CCM’s next phase of business growth. I have no hesitation in recommending Grant Thornton’s team.

Alastair Fox CEO, CCM Facilities

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