APAX Partners

Paris, 29 April 2010 – The funds managed by Apax Partners SA signed today an exclusive agreement with VINCI to sell the Faceo group.

By joining forces with the world’s leading integrated concession-construction group, Faceo will enter a new phase in its development.

Faceo has become in a few years a leading European player in Facility Management. As a global player, the group covers a wide range of activities based around support services for buildings and their occupants (including cleaning, maintenance, security, remote monitoring, document management, reception, property management, etc.).
Faceo has developed an expertise to provide those services on several sites and in several countries, which is critical to meet the needs of large European groups.

Since its acquisition from Cegelec and Thales in 2007, Apax funds have actively supported Faceo’s successful growth. The group has completed six acquisitions in different areas of expertise, enabling the group to strengthen its positions in Europe and enlarge its service offering. The group has significantly enriched its portfolio of client through major contract wins, particularly the significant one signed with the American group Delphi for the management of its European sites.

With a presence in about twenty countries in Europe and in the Middle East, Faceo has 2,500 employees today, compared with 1,500 three years ago. Its revenues increased from €349m in 2006 to €430m in 2009, and 2010 should record the benefit from the recently signed contracts.

Monique Cohen, Partner at Apax Partners, said: “We are proud we have been able to back Serge Clemente and his management team and to help them drive the significant growth of the group, both organically and through acquisitions. We are confident that Faceo, with its professionalism and dynamism, will continue on its growth path with the support of VINCI.”

In accordance with legal and regulatory requirements, the project will likely be subject to review by employee representative bodies prior to submission to the appropriate competition authorities.

About Apax Partners

Apax Partners SA is a leading private equity firm in France. With more than 30 years of investing experience, Apax Partners provides long-term equity financing to build and strengthen world-class companies.
Funds managed by Apax Partners SA exceed €2 billion. These Funds invest in fast-growing companies across Apax’ sectors of specialisation: Tech & Telecom, Retail & Consumer, Media, Healthcare, Business & Financial Services.
For additional information, see: www.apax.fr

For further information, please contact:

Apax Partners SA
Agathe Heinrich - Communication Director
Tel.: +33 1 53 65 01 35
Email: agathe.heinrich@apax.fr