Press Release
K&L Gates Advises ESO Capital on Investment in Arcus FM
7 February 2020
London - A team of lawyers from global law firm K&L Gates LLP has advised private equity investor ESO Capital (ESO) on its investment in facilities management company Arcus FM. The deal was structured as the financing of a management buyout, which also saw ESO take a significant minority equity stake in the business and will enable Arcus to accelerate its expansion plans.
A leading provider of facilities management services and technological solutions for companies in the retail, logistics, and public sectors, Arcus FM employs more than 4,000 people with key clients that include Sainsbury's, Argos, and Hermes.
The London-based K&L Gates team that advised ESO was led by private equity partner James Cross, and also included technology transactions partner Catherine Adam; tax partner Giles Bavister; finance counsel Michael Anderson; real estate of counsel Steven Cox; corporate associates Craig Fraser and Victoria Cormack; tax associate Naeha Lal; IP associate Keisha Phippen; and corporate trainee Andrew Poole.
“It was a pleasure to be chosen as part of the team for our valued client, ESO Capital,” stated James Cross. “This transaction further illustrates our position as a leading adviser to mid-market private equity investors and played to our strengths in working with technology-enabled businesses. We wish Chris Green and his team at Arcus every success as they continue to rapidly grow their exciting business in partnership with ESO Capital.”
David Steel, director, and Stuart Hamilton, associate, of ESO Capital commented: “We are grateful for the support of James and his team on this important transaction. They were responsive, commercial, and committed to helping us achieve our goals.”
A leading provider of facilities management services and technological solutions for companies in the retail, logistics, and public sectors, Arcus FM employs more than 4,000 people with key clients that include Sainsbury's, Argos, and Hermes.
The London-based K&L Gates team that advised ESO was led by private equity partner James Cross, and also included technology transactions partner Catherine Adam; tax partner Giles Bavister; finance counsel Michael Anderson; real estate of counsel Steven Cox; corporate associates Craig Fraser and Victoria Cormack; tax associate Naeha Lal; IP associate Keisha Phippen; and corporate trainee Andrew Poole.
“It was a pleasure to be chosen as part of the team for our valued client, ESO Capital,” stated James Cross. “This transaction further illustrates our position as a leading adviser to mid-market private equity investors and played to our strengths in working with technology-enabled businesses. We wish Chris Green and his team at Arcus every success as they continue to rapidly grow their exciting business in partnership with ESO Capital.”
David Steel, director, and Stuart Hamilton, associate, of ESO Capital commented: “We are grateful for the support of James and his team on this important transaction. They were responsive, commercial, and committed to helping us achieve our goals.”
K&L Gates is a fully integrated global law firm with lawyers located across five continents. The firm represents leading multinational corporations, growth and middle-market companies, capital markets participants and entrepreneurs in every major industry group as well as public sector entities, educational institutions, philanthropic organizations and individuals.
