Foresight Group completes investment deal with Manchester’s Tudor Contract Cleaners

Foresight Group, the private equity firm, has completed an investment into Manchester-based soft facilities management provider Tudor Contract Cleaners Limited from the Foresight Regional Investment Fund.

The investment is the fourth transaction to be completed out of the regional fund which is led from the Group’s Manchester office.

Tudor has three core service offerings of window cleaning, general cleaning and ancillary cleaning.

The company has over 100 customers in the North West of England including Transport for Greater Manchester, Hilton, Radisson and Marriott, with several looking at national contracts.

To support the current managing director, Tony Camilleri, and general manager, Joanne Youd, the team will be bolstered by a non-executive chairman, David Steventon, who has worked with Foresight on previous investments and a financial director is also being recruited.

Claire Alvarez, senior investment manager at Foresight, commented: “The investment into Tudor is another exciting opportunity to support a high growth company at the heart of the Manchester community.

“Tudor is a business renowned for their service, reliability and customer-focus and we are looking forward to working with management to expand contract regions and maximise the exciting opportunities that exist for the company.”

Tony Camilleri, managing director at Tudor Contract Cleaners, added: “The amount that Tudor has grown since inception is incredible, having started with a contract at just one hotel and now servicing clients in a number of major UK cities.

“With Foresight’s help the doors are open for the company to grow exponentially above and beyond what was previously possible and I very much look forward to working with the team to ensure this happens.”

Advisers on this deal included:

• Company Advisors - CLB Coopers – Andy Feeke, Peter Williams Kuits – Kirsti Pinnell
• Financial Due Diligence - BDO – Chris Heatlie and Wayne Causon
• Legal Due Diligence: Shoosmiths – Kieran Toal, Damien Brown, James Skivington
• Commercial Due Diligence - RPL Ltd – Roger Penney
• Management Due Diligence - The Quinn Partnership – Paul Quinn
• Banking - Royal Bank of Scotland, Corporate transactions Team – Stuart Watson, Peter Lloyd