Weinberg Capital Partners has acquired H&P Hygiène et Prévention, the French subsidiary of the Danish group ISS. No financial terms were disclosed. H&P Hygiène et Prévention is a provider of B2B hygiene services.
WCP announces the acquisition of H&P Hygiène et Prévention, the French subsidiary of the Danish group ISS. With more than 50 years of experience, ISS Hygiene & Prevention is a major player in B2B hygiene services in France and operates in 4 segments: air hygiene, sanitation, pest control and fire protection, as part of preventive or curative actions.
The group has a very diversified client base, with more than 48,000 active accounts, including social and private housing players, companies and local authorities.
The group, which has 1500 employees, is present throughout France via 42 branches, structured around 10 regional hubs. In 2018, H&P Hygiène et Prévention achieved a turnover of €118 million.
As of 2 December 2019, the group is headed by Matthieu Jourdan, who joins H&P Hygiène et Prévention as the new Chief Executive Officer. Former Managing Director of Point P Ile de France, Matthieu, recruited by the Weinberg Capital team, has the management skills that will enable H&P Hygiène et Prévention to regain a new dynamic.
Eric Delbecq, Chief Executive Officer will continue his mission alongside Matthieu Jourdan.
This acquisition is the third of the LBO WCP#3 fund launched in 2018 with €300 million and which offers co-investment opportunities, representing an investment capacity of over €500 million in capital. The acquisition of H&P Hygiène et Prévention is at the heart of the team’s strategy and know-how, through a primary LBO that offers significant potential for additional growth and operational improvements.
About Weinberg Capital Partners
Founded in 2005, WCP is an independent investment company that has historically been active in the private equity business, which expanded its scope of intervention to real estate in 2008, and to minority stakes in listed companies in 2015. With €1.5bn under management, WCP is a key player in the equity mid-market segment in France.
WCP is a signatory of Principles for Responsible Investment (PRI), member of the Initiative climate international and is part of an active approach as a responsible investor.