ISS has granted Weinberg Capital Partners exclusivity with a view towards finalizing an greement to sell ISS Hygiène et Prévention in France.
Paris, Friday 6th September 2019.
In the framework of the deployment of its WCP# 3 LBO fund, Weinberg Capital Partners announces that it has entered into exclusivity with ISS Group with a view towards acquiring its French subsidiary ISS Hygiène et Prévention (ISS H&P).
ISS H&P, a subsidiary of ISS Group since 2002, offers hygiene and prevention services for the pest control, air hygiene, sewerage and fire protection for companies and local communities. The company, which is the only player on the market to cover these four segments, employs nearly 1 500 people and relies on a network of 42 agencies. In 2018, ISS H&P achieved a turnover of €118m from more than 48 000 customers through nearly 600 000 interventions.
The completion of the transaction is subject to the approval of the French Antitrust Authority and the consultation of employee representation bodies. Expected before the end of the year, this acquisition would be the third of the WCP#3 fund.
Philippe Klocanas, Partner at Weinberg Capital Partners, comments: « This transaction illustrates perfectly our strategy to invest in French SMEs recognized for their solid know-how. We will bring financial and human resources to carry out the sustainable development of ISS Hygiène et Prévention in the long term ».