Geico Servizi Integrati S.r.l., the privately held Italian facility management company, has acquired the technical facility management company Lender S.p.A. The acquisition was funded in part through a capital increase in Geico subscribed by Atlante Private Equity (a private equity fund managed by IMI Fondi Chiusi SGR, a company of the Intesa Sanpaolo Group) and Fondo Italiano di Investimento SGR, two leading Italian private equity funds. The acquisition further consolidates Geico's market position in the Italian facility management sector while strengthening Geico’s integrated technical facility management solutions by providing customers with service delivery capabilities across Italy.
Fredericks Michael & Co. acted as exclusive financial advisor to Geico both in the acquisition of Lender and in the capital subscription process by employing a structured approach and assisting on topics including valuation, structuring, due diligence, negotiations and closing. Geico’s CEO noted, "We are excited about this transaction and believe it to be a major step in Geico's strategy of strengthening its leadership position in existing markets and expanding activities to peripheral areas. The combination will provide our combined company with improved access to larger prospective customers due to our increased scale, financial strength and national coverage." He also stated, “Fredericks Michael & Co. was instrumental in closing this transaction, leveraging its relationships with both the financial sponsors industry and with Lender S.p.A.”
About Geico Servizi Integrati S.r.l.
Founded in 1989, Geico operates in the facility management sector and provides installation, management, specialized maintenance and integrated operation services for technological systems in residential and business properties. For more information, please visit www.geicoservizi.com
About Lender S.p.A.
Lender S.p.A. is a Northern Italy-based facility management operator established in 1996. The company provides a range of technical maintenance services to banks and corporations located in their target markets.