Eversheds Sutherland advises the International Facilities Services Group

24 Feb 2019

Eversheds Sutherland has advised the International Facilities Services (IFS) Group, together with its shareholders, in respect of the US$35 million investment by the Development Partners International’s African Development Partners II fund.

The transaction comprised multiple transaction steps which included onshore and offshore structuring, multiple shareholder reorganisations and required various competition and South African Reserve Bank approvals.

The IFS Group is a leading provider of Facilities Management Solutions in Africa, offering world-class, tailor-made solutions for both remote and urban sites throughout the continent. The core services include catering, housekeeping, laundry, maintenance, equipment-supply and management. The IFS Group has key customers in numerous African countries including Mozambique, DRC, Namibia, Zambia, South Africa and Lesotho. Its services a broad range of sectors including hospitality, natural resources, shipping and mining.

The Eversheds Sutherland team was led by Andrew Davidson, supported by Lara Wills, Lara Jansen van Rensburg and Carl Meyer.

See also:

• Announcing Eversheds Sutherland Africa Alliance
• Eversheds Sutherland advises Park Hotels & Resorts in its disinvestment in the Hilton Hotel, Durban

(This article is provided for informational purposes only and not for the purpose of providing legal advice. For more information on the topic, please contact the author/s or the relevant provider.)