Act Clean, the specialist outsourcer to luxury hotels and restaurants, has revealed it has secured private investor backing for a management buyout, in a £10.2m deal that signals a new cycle of growth for the specialist outsourcing company of kitchen porters, night cleaning and housekeeping.
Following the buyout of the company which was founded in 2006, Act Clean will now be led by its senior team, John Stevenson, Gillian Thomson and David Murray, who will help ‘take the business to a new level of growth’.
The deal was structured by Connection Capital LLP, a company which currently has around £180m of funds under management across a diverse portfolio including investments in Virgin Wines and Wagamama and Premier Inn.
Act Clean provides the provision of fully managed and supervised kitchen porter teams, kitchen night cleaning services and front of house cleaning staff to a number of luxury and upmarket hotels and restaurants in London. Its client base has grown substantially over its ten years in operation, and now includes Michelin-starred restaurant groups through to the Royal Household.
John Stevenson, CEO of ACT Clean said: “We have always been, and continue to be, committed to providing an exceptional service, every day – offering the highest standards of outsourced cleaning to the hospitality industry. This new investment and partnership is a very exciting opportunity for, myself and our fantastic management team, to both consolidate and nurture our existing long-term client relationships as well as attract and develop new clients.”
Miles Otway, partner at Connection Capital, who led the transaction said: “ACT Clean’s leading position in its niche luxury market, experienced and proven management team, prestigious client base and strong growth prospects make it a highly attractive investment proposition. We look forward to working with the senior management team of John Stevenson, Gillian Thomson and David Murray to take the business on to its next stage of growth.”