Ulrich Schneider
Proventis Partners
Service Concept FM GmbH
Deal Type
Company sale
Sector
Business Services
Completion Date
12th August 2024
Deal Value
Not disclosed
Company Background
Service Concept is a provider of integrated facility management services that has been established on the market for 30 years. The company offers individual and cost-effective facility management solutions in the technical and infrastructural service area and is represented nationwide by a network of branches and locations. Service Concept's teams manage office and administrative buildings in a wide range of industries such as insurance companies, banks, shopping centers, logistics centers, educational institutions and industrial and commercial parks with the entire range of services of modern technical and infrastructural building management.
Deal Summary
Samsic strengthens its presence in Germany through the strategic acquisition of the Service Concept Group.
Samsic, a major player in the field of integrated business services, has acquired Service Concept Group, consolidating its position in the German market. This new acquisition marks an important step in Samsic's development in Germany, where the company has been present since 2017. It allows Samsic to expand its offering to include multi-technical services and comprehensive solutions for facility management, areas in which Service Concept has more than 30 years of experience. This will enable Samsic to meet the growing demand from German companies in these areas. With this acquisition, Samsic is also expanding its geographical coverage to ensure better customer proximity throughout Germany.
Value Added
In a selective international bidding process, Proventis Partners, as the exclusive sell-side M&A advisor, succeeded in finding the ideal partner for Service Concept in the market under competitive conditions.
After the transaction initially failed on the investor side as a result of the Covid-19 pandemic and the Ukraine war, Service Concept was able to continue its growth path. Finally, as part of a renewed market approach, a concrete dialogue was held with selected interested parties based on the company documentation prepared by Proventis Partners.
Proventis Partners has set up a structured M&A process with an attractive investors’ universe and supported the shareholder in particular in the context of due diligence and negotiation.
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