HIG Europe exits investment in Europa Support Services with sale to Bilfinger SE
HIG Europe has sold Europa Support Services (Europa) to Bilfinger SE.
HIG Europe is the European arm of global private equity company HIG Capital.
Europa Support Services is one of the leading providers of technical, infrastructural and integrated facility management services in the UK and the Republic of Ireland.
HIG invested in the company in 2008 in what was then its first investment in the UK market from its maiden dedicated European equity fund. Since then, the company has completed four bolt-on acquisitions and delivered strong organic growth, with revenues increasing during the period more than fivefold to over GBP160m today.
Europa employs around 3,300 people, has an extensive blue chip client base and delivers full nationwide coverage into the UK market.
“Despite the economic downturn, Europa has continued to deliver strong growth, executed strategic acquisitions well and delivered high quality earnings. We were delighted to partner with the Europa management team and we wish them all the best for the future,” says Paul Canning, managing director of HIG Europe.
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