Mon, 30 May 2011 | BUSINESS SALE
Market-leading workplace services provider PHS Group has been put on the market at a price of around £1.5 billion. Its main shareholder, private equity group Charterhouse Capital, has reportedly appointed Goldman Sachs to sound out potential buyers.
Charterhouse is thought to be keen to cash in on its investment that was acquired in 2005 for over £700 million by taking the business private. The profits would enable the company to make further acquisitions whilst many UK companies are significantly undervalued. A sale of PHS Group is hoped to take place before the end of this year.
PHS Group provides washroom, waste management, storage, testing, laundry and other services to over 300,000 businesses around the United Kingdom. It has over 3000 staff, operates 90 branches and has expanded into Spain and France with new offices soon being set up in Belgium and the Netherlands.
The firm has recorded steady turnover growth over the past few years, rising from just over £300 million in the year to 31 March 2008 to £360 million in the year to 31 March 2010. Pre-tax profits for the latest period are £96.5 million.
There are thought to be several private equity buyers, including Apax and BC Partners, that may show a strong interest in buying the business – in addition to trade buyers that include Rentokil.
The Inn is a large semi-detached property situated in 3/4 of an acre of land. The village is situated close to the famous Cloughton and The Hayburn Wyke Valley which reaches down to a magnificent rocky cove complete with tumbling waterfall and giant...
FREEHOLD
The inn occupies a prominent roadside position on the A361 in the village of Burrowbridge. It stands alongside the River Parrett in the Somerset levels and is popular with walkers, cyclists and bird watchers. The village lies at the halfway point bet...
FREEHOLD
Presenting an opportunity for an acquirer seeking a character stone built 17th century village inn with epic lounge bars and a restaurant oozing personality.
FREEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.