M&A Deal Summary

Compass Group Acquires CH&CO

On January 22, 2024, Compass Group acquired business services company CH&CO from Equistone Partners Europe Limited for 475M GBP

Acquisition Highlights
  • This is Compass Group’s 2nd transaction in the Business Services sector.
  • This is Compass Group’s largest (disclosed) transaction.
  • This is Compass Group’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2024-01-22
Target CH&CO
Sector Business Services
Buyer(s) Compass Group
Sellers(s) Equistone Partners Europe Limited
Deal Type Add-on Acquisition
Deal Value 475M GBP

Target

CH&CO

Reading, United Kingdom
website
CH&CO provides contract and hospitality catering services to a broad range of sectors including workplaces, venues, tourist destinations, independent and State schools, further education, healthcare, and events. CH&CO was founded in 1991 and is based in Reading, United Kingdom.

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Buyer(S) 1

Buyer

Compass Group

Chertsey, United Kingdom

website


Category Company
Founded 1941
Sector Business Services
Employees480,000
Revenue 17.9B GBP (2021)
DESCRIPTION

Compass Group is a provider of contract foodservice and support services to its clients. It offers various foodservice solutions ranging from free-flow restaurants to formal dining, grab and go deli and café outlets to hospitality services, and vending; and a range of support services, such as cleaning, building operations and maintenance, business and office, logistics and transport, outdoor, project management, and security. Compass Group was incorporated in 1941 and is headquartered in Chertsey, the United Kingdom.


DEAL STATS #
Overall 3 of 3
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 3 of 3
Country (United Kingdom) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-31 Crothall Healthcare

Wayne, Pennsylvania, United States

Crothall Healthcare is a provider of outsourced laundry and linen management services to the healthcare and hospitality markets. Crothall operates a national network with 29 operating locations that service more than 1,000 customer sites and manages a workforce with more than 2,000 employees. Crothall Healthcare was founded in 1991 and is based in Wayne, Pennsylvania.

Sell -

Seller(S) 1

SELLER

Equistone Partners Europe Limited

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone Partners Europe Ltd is a private equity firm that invests in small to mid-sized companies with valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, and recapitalizations. Equistone Partners Europe Ltd. (formerly Barclays Private Equity Ltd) was formed in 1997 and is based in London.


DEAL STATS #
Overall 189 of 191
Sector (Business Services) 24 of 25
Type (Add-on Acquisition) 65 of 66
Country (United Kingdom) 84 of 84
Year (2024) 1 of 3
Size (of disclosed) 6 of 58
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-05 Karavel

Paris, France

Karavel operates as a tour operator and an online travel agency, offering a full range of services including airline tickets, hotel rooms, cruises, and package holidays through multiple online channels which receive over seven million unique visitors each month. Karavel is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-08 Sportgroup

Burgheim, Germany

Sportgroup is a manufacturer of artificial turf systems and synthetic floor coverings in the sport and leisure sector. Its comprehensive product range includes artificial turf, running tracks and polyurethane surfaces as well as components for sporting, industrial and leisure facilities. Sportgroup is based in Burgheim, Germany.

Sell -