11 January 2017 | Herpreet Kaur Grewal
Private equity firm Foresight has completed a deal to invest in Tudor Contract Cleaners Limited.
The investment is the seventh deal from the Private Equity team before Christmas last year, an unprecedented volume in the short time frame.
Based in Manchester, Tudor has three core service offerings of window cleaning, general cleaning and ancillary cleaning. The company has more than 100 customers in the north-west of England including Transport for Greater Manchester, and hotel groups Hilton, Radisson and Marriott, with several looking at national contracts.
To support current managing director Tony Camilleri and general manager Joanne Youd, the team will be bolstered by a non-executive chairman, David Steventon, who has worked with Foresight on previous investments. A financial director is also being recruited.
Claire Alvarez, senior investment manager at Foresight, said: "The investment into Tudor is another opportunity to support a high-growth company at the heart of the Manchester community. Tudor is a business renowned for their service, reliability and customer-focus and we are looking forward to working with management to expand contract regions and maximise the exciting opportunities that exist for the company.”