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Blue Collar Services

Currently we’re partnering 20 companies with a total market value of over €350m.

Increasingly we’re using our UK experience to support innovative operators such as Coor Service Management and MIBAG who are driving the growth of blue collar outsourcing across continental Europe:

  • Coor Service Management is Sweden’s leading provider of integrated facilities management, helping its clients care for their premises in ways that boost effectiveness and cut costs.  Since we began partnering the business in 2004, we’ve introduced a new Chairman, used our global network to source potential new clients, and helped fund the acquisition of Volvo’s support services business.  As a result, Coor’s annual turnover has grown from €250m to more than €400m.
  • MIBAG is a ‘one-stop shop’ for public and private sector organisations looking to outsource real estate management in Switzerland.  It is responsible for more than 1,000 buildings, occupying 3.5 million square meters.  The business was formerly owned by Siemens but identified as non-core.  Following the buyout in 2003, we helped MIBAG appoint a richly-qualified board of directors and are now supporting the company’s plans to expand geographically and by acquisition.
  • E J Stiell was a leading facilities management company in the UK. We invested a minority stake in support of management’s strategic growth plans.  During the period of our investment the business developed from a small Scottish-based repair and maintenance business into a national multi-disciplinary facilities management provider focussing on property and technical solutions, with a leading position in the provision of services to the financial sector.  The business was sold in March 2002 to Alfred McAlpine.