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NVM exit delivers 4.2x return

NVM Private Equity has sold its stake in Reading-based Pareto FM, an ESG-driven provider of technical and facilities services to the built environment, in a deal that achieved a 4.2x return for its investors.

Pareto FM is a technical led, customer centric, facilities management company based in the UK. We operate with an entirely flexible model that allows us to build our service solution around each organisation we partner with. It is one of the top 50 fastest growing companies in the UK, and has been awarded for its ESG efforts.

The business, founded by Andrew Hulbert in 2014, was set up as an antidote to large, inflexible service providers. NVM first backed Andrew in March 2021 as part of an £18m management buy-out which included the appointment of incoming Chair Mark Rogerson, formerly Chair and NED of Bellrock Property and Facilities Management.

Over the course of NVM’s investment, Pareto has invested in technology and more importantly people, with the business increasing its number of employees from 141 to 509 today. This investment has enabled the company to achieve a near threefold growth in revenues in under 3 years.

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