|By PR Newswire||
|March 7, 2014 02:11 PM EST||
LONDON, March 7, 2014 /PRNewswire/ -- The international law firm Greenberg Traurig Maher LLP (GTM) advised Rentokil Initial plc (FTSE: RTO) in the sale of its Initial Facilities ("IFS") business to Interserve Plc for a total cash consideration of £250m.
The team included: Fiona Adams (Shld-LON-CP), Paul Maher (Shld-LON-MA), Kate Eades (Shld-LON-CP), Cate Sharp (Shld-LON-ENV), Naomi Feinstein (Shld-LON-LE), Justin Hamer (Shld-LON-TX), Stephen C. Tupper (Shld-LON-LT), Lisa Navarro (Shld-LON-LT), Chantal Phillips (Assoc-LON-CP), Amy Moore (LC-LON-CP), Rob Collier-Wright (Assoc-LON-LE), Luke Dixon (Assoc-LON-IP), Andrew Edwards (Assoc-LON-RE), Simon Harms (Assoc-LON-LT), David Naser (Assoc-LON-ENV) and Christopher Ives (LC-LON-CP).
"We are delighted to have been given the opportunity and vote of confidence to continue to work with the Rentokil legal and business team," said Paul Maher, GTM Chairman. "This endorsement of our international capabilities allows us to provide not only continuity, but also full range of experience and services on a global platform."
In 2013, GTM advised Rentokil Initial plc on its sale of City Link Limited to BECAP12 Fund LP ("Better Capital"), a private equity investor. In 2010, GTM represented the senior management team of Rentokil Initial in its purchase of corporate security services provider Knightsbridge Guarding Limited. As a result, Rentokil Initial acquired Knightsbridge Guarding Holdings Limited, KGL Business Services Limited and Perception LLP.
Rentokil Initial is one of the largest business services companies in the world, operating in over 60 countries. The company offers route-based services including pest control, hygiene and workwear through teams of local experts. In 2013 Rentokil Initial indicated that Initial Facilities was a non-core business for the Company. Excluding Initial Facilities, the Company's total revenue for the year ended 31 December 2013 was £1.76bn. Initial Facilities delivered adjusted operating profit of £25.8m on revenues of £534.0m for the year ended 31 December 2013. The business has gross assets of £229.6m. Completion, which is subject to the agreement of Interserve's shareholders at a General Meeting on 17 March, is expected by the end of March 2014, according to the company.
The Rentokil Initial press release on this transaction is available at this link: http://www.rentokil-initial.com/media/releases/2014/news_419037.html
About Greenberg Traurig Maher LLP
Greenberg Traurig Maher LLP has established itself in London as a multidisciplinary law firm, with over 40 lawyers and growing. The London office provides partner-led advice to domestic and international clients on a range of matters across the legal spectrum. Lawyers at Greenberg Traurig Maher advise U.K. and multinational clients operating in many different sectors, including chemicals, pharmaceuticals, life sciences, energy, real estate, financial services, automotive, retail and communications. For additional information, please visit www.gtmlaw.com.
About Greenberg Traurig, LLP
Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 1750 attorneys serving clients from 36 offices in the United States, Latin America, Europe, the Middle East and Asia. Greenberg Traurig is among the Top 10 law firms on The National Law Journal's 2013 NLJ 350, an annual ranking of the largest firms in the U.S. For additional information, please visit www.gtlaw.com.
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