LONDON (6 March 2014) – International law firm Greenberg Traurig Maher LLP (GTM) advised Rentokil Initial plc (FTSE: RTO) in the sale of its Initial Facilities (“IFS”) business to Interserve Plc for a total cash consideration of £250m.
The team included: Fiona Adams (Shld-LON-CP), Paul Maher (Shld-LON-MA), Kate Eades (Shld-LON-CP), Cate Sharp (Shld-LON-ENV), Naomi Feinstein (Shld-LON-LE), Justin Hamer (Shld-LON-TX), Lisa Navarro (Shld-LON-LT), Chantal Phillips (Assoc-LON-CP), Amy Moore (LC-LON-CP), Rob Collier-Wright (Assoc-LON-LE), Luke Dixon (Assoc-LON-IP), Andrew Edwards (Assoc-LON-RE), Simon Harms (Assoc-LON-LT), and Christopher Ives (LC-LON-CP).
“We are delighted to have been given the opportunity and vote of confidence to continue to work with the Rentokil legal and business team,” said Paul Maher, GTM Chairman. “This endorsement of our international capabilities allows us to provide not only continuity, but also full range of experience and services on a global platform.”
In 2013, GTM advised Rentokil Initial plc on its sale of City Link Limited to BECAP12 Fund LP (“Better Capital”), a private equity investor. In 2010, GTM represented the senior management team of Rentokil Initial in its purchase of corporate security services provider Knightsbridge Guarding Limited. As a result, Rentokil Initial acquired Knightsbridge Guarding Holdings Limited, KGL Business Services Limited and Perception LLP.
Rentokil Initial is one of the largest business services companies in the world, operating in over 60 countries. The company offers route-based services including pest control, hygiene and workwear through teams of local experts. In 2013 Rentokil Initial indicated that Initial Facilities was a non-core business for the Company. Excluding Initial Facilities, the Company’s total revenue for the year ended 31 December 2013 was £1.76bn. Initial Facilities delivered adjusted operating profit of £25.8m on revenues of £534.0m for the year ended 31 December 2013. The business has gross assets of £229.6m. Completion, which is subject to the agreement of Interserve’s shareholders at a General Meeting on 17 March, is expected by the end of March 2014, according to the company.
The Rentokil Initial press release on this transaction is available at this link: http://www.rentokil-initial.com/media/releases/2014/news_419037.html
About Greenberg Traurig, LLP
Greenberg Traurig, LLP (GTLaw) has more than 2,000 attorneys in 38 offices in the United States, Latin America, Europe, Asia and the Middle East and is celebrating its 50th anniversary. One firm worldwide, GTLaw has been recognized for its philanthropic giving, was named the largest firm in the U.S. by Law360 in 2017, and among the Top 20 on the 2016 Am Law Global 100. Web: www.gtlaw.com Twitter: @GT_Law.
The team included: Fiona Adams (Shld-LON-CP), Paul Maher (Shld-LON-MA), Kate Eades (Shld-LON-CP), Cate Sharp (Shld-LON-ENV), Naomi Feinstein (Shld-LON-LE), Justin Hamer (Shld-LON-TX), Lisa Navarro (Shld-LON-LT), Chantal Phillips (Assoc-LON-CP), Amy Moore (LC-LON-CP), Rob Collier-Wright (Assoc-LON-LE), Luke Dixon (Assoc-LON-IP), Andrew Edwards (Assoc-LON-RE), Simon Harms (Assoc-LON-LT), and Christopher Ives (LC-LON-CP).
“We are delighted to have been given the opportunity and vote of confidence to continue to work with the Rentokil legal and business team,” said Paul Maher, GTM Chairman. “This endorsement of our international capabilities allows us to provide not only continuity, but also full range of experience and services on a global platform.”
In 2013, GTM advised Rentokil Initial plc on its sale of City Link Limited to BECAP12 Fund LP (“Better Capital”), a private equity investor. In 2010, GTM represented the senior management team of Rentokil Initial in its purchase of corporate security services provider Knightsbridge Guarding Limited. As a result, Rentokil Initial acquired Knightsbridge Guarding Holdings Limited, KGL Business Services Limited and Perception LLP.
Rentokil Initial is one of the largest business services companies in the world, operating in over 60 countries. The company offers route-based services including pest control, hygiene and workwear through teams of local experts. In 2013 Rentokil Initial indicated that Initial Facilities was a non-core business for the Company. Excluding Initial Facilities, the Company’s total revenue for the year ended 31 December 2013 was £1.76bn. Initial Facilities delivered adjusted operating profit of £25.8m on revenues of £534.0m for the year ended 31 December 2013. The business has gross assets of £229.6m. Completion, which is subject to the agreement of Interserve’s shareholders at a General Meeting on 17 March, is expected by the end of March 2014, according to the company.
The Rentokil Initial press release on this transaction is available at this link: http://www.rentokil-initial.com/media/releases/2014/news_419037.html
About Greenberg Traurig, LLP
Greenberg Traurig, LLP (GTLaw) has more than 2,000 attorneys in 38 offices in the United States, Latin America, Europe, Asia and the Middle East and is celebrating its 50th anniversary. One firm worldwide, GTLaw has been recognized for its philanthropic giving, was named the largest firm in the U.S. by Law360 in 2017, and among the Top 20 on the 2016 Am Law Global 100. Web: www.gtlaw.com Twitter: @GT_Law.