Bidvest Noonan’s Acquisition Of Cordant Services From Twenty20 Capital

In UK Freeths, Macfarlanes LLP, advised on the matter.

Freeths advised Twenty20 Capital with a team including Claire Boyce (Tax M&A and Deal Advisory), Dahren Naidoo (Picture – Corporate M&A).

Macfarlanes LLP advised Bidvest Noonan with a team including William Hedges (Commercial Law), Malcolm Hitching (Finance), Tom Pedder (Real Estate), Simon Perry (Corporate M&A), Hayley Robinson (Human Capital), Malcolm Walton (Competition Law).

Twenty20 Capital, the leading European Staffing, Engineering & Industrial, Human Capital technology, private investment firm, sold Cordant Services to Bidvest Noonan, the Dublin-based security, cleaning and support services company which is part of the South African conglomerate, Bidvest.

Founded in 1957, Cordant Services is made up of three dedicated divisions: Cordant Security, Cordant Cleaning and Cordant Thistle, a specialist and industrial cleaning business. With a total turnover of approximately £170 million, it operates across 1,900 client locations in a range of industries. The company is a division of Cordant Group, one of the largest social enterprises in Britain.

Dahren Naidoo (Picture) led the Freeths team advising Twenty20 on the transaction, supported by Andy Francey, Olivia Johnson, Claire Boyce, and Kim Jones.

The Macfarlanes team was led by corporate and M&A partner Simon Perry with assistance from solicitor Cristina Leon Barbadillo. The team also included finance partner Malcolm Hitching and solicitor Duaa Abbas, competition partner Malcolm Walton and solicitor Matthew Jones, commercial partner Will Hedges alongside solicitor Mark Cusack, real estate partner Tom Pedder and senior solicitors Rachael Ashton and Alicia Hickman, employment partner Hayley Robinson and senior solicitor India Townsend, pensions senior counsel Sheamal Samarasekera, solicitor Rhiannon Barnsley and tax and reward solicitor Tom Barr.

Involved fees earner: Claire Boyce – Freeths; Andy Francey – Freeths; Olivia Johnson – Freeths; Kim Jones – Freeths; Dahren Naidoo – Freeths; Duaa Abbas – Macfarlanes LLP; Rachael Ashton – Macfarlanes LLP; Rhiannon Barnsley – Macfarlanes LLP; Tom Barr – Macfarlanes LLP; Mark Cusack – Macfarlanes LLP; William Hedges – Macfarlanes LLP; Alicia Hickman – Macfarlanes LLP; Malcolm Hitching – Macfarlanes LLP; Matthew Jones – Macfarlanes LLP; Cristina Leon Barbadillo – Macfarlanes LLP; Tom Pedder – Macfarlanes LLP; Simon Perry – Macfarlanes LLP; Hayley Robinson – Macfarlanes LLP; Sheamal Samarasekera – Macfarlanes LLP; India Townsend – Macfarlanes LLP; Malcolm Walton – Macfarlanes LLP;

Law Firms: Freeths; Macfarlanes LLP;

Clients: Bidvest Noonan; Twenty20 Capital;

Author: Giulia Di Palma