Goodwin’s London Private Equity Team advised H.I.G. Capital on the acquisition by one of its affiliates of the entire issued share capital of Axis Europe, a leading UK provider of property maintenance services. H.I.G. Capital will combine Axis with its existing portfolio company, CLC Group, which it acquired in June 2023, to bring together two highly complementary businesses creating a leading national property maintenance specialist with deep experience across a range of end-markets and maintenance disciplines.
H.I.G Capital is a leading global alternative investment firm with $64 billion of equity capital under management. For over 30 years, the H.I.G. platform has created long-term value across a range of strategies, including private equity, growth equity, direct lending, special situations credit, real estate, infrastructure and biohealth.
Axis Europe is a leading provider of property maintenance services to housing associations and local government. The business has focused on building long-term relationships with some of the largest property managers, landlord and owners in its sector.
CLC Group is a national property and asset refurbishment provider that offers clients national coverage with a local service. The business has focused on delivering high quality property and asset services to customers in the social housing, local government, defence, hospitality, and utilities sectors.
The acquisition deal team was led by James Grimwood and consisted of Charles Elsom, Matt Connell and Matt Nestor (Corporate); and Katie Leah and Nathan Langford (Tax).
The financing deal team was led by Hugh O’Sullivan and consisted of Nadim Islam, Amber Bagshaw and Laura Kelly (Debt Finance).
For further detail, please see the press release.