Sale to Bidvest Group Limited
Baird served as financial advisor to NOONAN Topco Limited
AboutNOONAN Topco Limited (“NOONAN” or the “Company”), a portfolio company of Alchemy Partners LLP (“Alchemy”), was recently acquired by Bidvest Group Limited (“Bidvest”) for an enterprise value of €175 million.
NOONAN is a leading provider of facility management services and solutions in the Republic of Ireland and the United Kingdom. NOONAN has developed a vertically-focused, client-centric business model that allows for successful expansion in the large FM market. NOONAN employs more than 13,000 people and is headquartered in Dublin, Republic of Ireland.
Alchemy Partners is a private equity firm and is headquartered in London, the United Kingdom.
Bidvest is a leading trading, distribution and services group, operating through seven divisions: Services, Freight, Automotive, Office and Print, Commercial Products, Financial Services and Electrical. The acquisition of NOONAN is in line with Bidvest’s stated strategic intent to expand its presence beyond South Africa in niche, asset light businesses that will benefit from Bidvest’s capabilities and expertise. Bidvest employs more than 114,000 people and is headquartered in Johannesburg, South Africa.
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- August 2017
- NOONAN Topco Limited
- Technology & Services
- Target Location
- Acquiror Location
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