Associated Continuity Teams Ltd (ACT Clean) has secured private investor backing for a £10.2m management buyout – a significant deal that signals a new cycle of growth and energy for the specialist outsourcing company of kitchen porters, night cleaning and housekeeping.
Founded in 2006, ACT Clean has grown swiftly, alongside the expansion of upmarket hotels and restaurants in London, and is now the market leader in its luxury niche. Its impressive, long-term client base ranges from Michelin-starred and prestigious restaurant groups to well-known hotel marques through to the Royal Household.
Focussing on the provision of fully managed and supervised kitchen porter teams, kitchen night cleaning services and front of house cleaning staff, ACT Clean provides a comprehensive and exceptional service that offers complete peace of mind to all clients, having driven an agenda of total compliance and quality since its inception.
The deal was structured by Connection Capital LLP, a specialist syndicator of investment funds from private investors into direct private equity and commercial property deals and alternative asset funds. It currently has some £180 million of funds under management across a diverse portfolio, including investments in Virgin Wines and Wagamama and property tenanted by Travis Perkins and Premier Inn.
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 exisiting 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.”
