Add-on Acquisition • Business Services

Serco Group Acquires Facilities First Australia Pty

On January 4, 2021, Serco Group acquired business services company Facilities First Australia Pty from Anchorage Capital Partners

Acquisition Context
  • This is Serco Group’s 3rd transaction in the Business Services sector.
  • This is Serco Group’s 2nd transaction in Australia.

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M&A Deal Summary

Date January 4, 2021
Target Facilities First Australia Pty
Sector Business Services
Buyer(s) Serco Group
Sellers(s) Anchorage Capital Partners
Deal Type Add-on Acquisition

Target Company

Facilities First Australia Pty

Macquarie Park, Australia
Facilities First Australia provides facilities maintenance and cleaning services for customers at +2,500 sites across Australia. Facilities First provide services to customers in the government, hospitality, education, healthcare, corporate, and entertainment sectors. Facilities First Australia was formed in 1995 and is based in Macquarie Park.
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Buyer Overview 1

Buyer

Serco Group

Hook, United Kingdom

Category Company
Founded 1929
Sector Business Services
Employees50,000
Revenue 4.8B GBP (2024)
DESCRIPTION

Serco provides world class business process outsourcing for customers it manages front, middle and back office programs. Our key service areas include customer interaction centres, direct marketing, loyalty and fulfilment programs, training design and delivery, customer relationship management software solutions and consultancy services. Serco Group was founded in 1929 and is based in Hook, United Kingdom.


Deal Context for Buyer #
Overall 5 of 8
Sector: Business Services 3 of 5
Type: Add-on Acquisition 3 of 5
Country: Australia 2 of 2
Year: 2021 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-23 Alion Science & Technology - Naval Systems Business Unit

McLean, Virginia, United States

Alion Science & Technology Corp. - Naval Systems Business Unit focuses on an integrated ship and systems design, including naval architecture, and marine, structural and systems engineering, and provides life-cycle naval fleet support and weapon platform services including program management, production support, fleet readiness and operational sustainment.

Buy $225M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 Whitney Bradley & Brown

Reston, Virginia, United States

Whitney, Bradley & Brown is a provider of management consulting services to U.S. federal agencies, including the Department of Defense, Department of Homeland Security, Veterans Health Administration, Department of Justice, Office of Personnel Management and a number of government-related contractors in the private sector. WBB offers a full-suite of management consulting services, including CONOPs, requirements, organizational development, acquisition, technical, program management and financial management consulting services. Whitney, Bradley & Brown was formed in 1981 and is based in Reston, Virginia.

Buy $295M

Seller Profile 1

SELLER

Anchorage Capital Partners

Sydney, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 810M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Anchorage Capital Partners is a specialized private equity firm that focuses on control investments in established businesses with a strong market position or brand which are not performing at their full potential, often as a result of capital constraints, lack of management attention or being a non-core ‘orphan’ in a large corporate. Target companies generally have at least A$100 million of revenue and are valued up to A$250 million. Anchorage will consider companies in a variety of sectors, however, the Firm avoids investing in technology, direct real estate or mineral exploration. The Firm will consider opportunities throughout Australia, New Zealand, and Southeast Asia. Anchorage Capital Partners was established in 2008 and is based in Sydney.


Deal Context for Seller #
Overall 10 of 15
Sector: Business Services 2 of 2
Type: Add-on Acquisition 5 of 7
Country: Australia 6 of 10
Year: 2021 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-24 Contract Resources

Perth, Australia

Contract Resources is a provider of specialized Industrial and mechanical services to the oil & gas, chemical, mining, cement and utilities Industries across New Zealand, and the Middle East. Contract Resources was founded in 1990 and is based in Perth, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-31 Solgen Energy Group

St Leonards, Australia

Solgen Energy Group is Australia’s first and largest commercial solar energy provider. Solgen Energy Group engages in commercial and industrial solar PV installations in Australia, with many solar installations completed for high profile commercial and Government clients.

Sell -