Catalyst Corporate Finance has advised on the sale of NB Real Estate to outsourcing giant Capita for £20 million.
Catalyst had previously worked with NB Real Estate, one of the largest outsourced commercial property services managers in the UK, initially advising on the corporate reorganisation and streamlining of the business in order to focus on the specialist services where the business had market leading positions.
Having successfully repositioned the business, the recommendation was then to identify a strategic acquirer to support the next stage of growth.
This was a highly complex transaction to complete as the business had around 50 shareholders and option-holders that had previously experienced a high-profile aborted sale process.
Steve Currie, partner at Catalyst, said: “We were able to deliver the right strategic buyer that met the objectives of the shareholders whilst protecting confidentiality.
“This deal, as with our other recent deals, demonstrates our proven ability to attract sizeable multiples for shareholders when selling to a strategic trade buyer.”
NB Real Estate’s clients include fund management organisations, property investors, charities and large corporate owner occupiers such as the major high street banks and retailers.