Business Services: NVM Private Equity’s MBO of Pareto FM
Armstrong has provided CDD Support as NVM Private Equity (NVM) has completed an £18 million management buy-out of UK facilities management business, Pareto FM.
Oxfordshire-based Pareto FM has built a strong reputation in the industry as a people business, upgrading the traditional delivery of Facilities Management (“FM”) services with a focus on customer service, diversity, and staff engagement. The team has focused its business model on the delivery of more specialised engineering services and provides broader FM solutions in a blend of operated and outsourced models.
Armstrong carried out full commercial due diligence to support NVM’s investment. This included interviews with over 60% of Pareto’s revenue by customer, along with in-depth segmentation of the UK facilities management market, focusing on Pareto’s key end market and capabilities. We also reviewed management’s key KPIs and carried out a detailed business plan assessment.
David Rolfe, Investment Partner at NVM, said: “Armstrong understood the market dynamics well and gave us good, direct and commercial advice to support our investment in Pareto. The depth of analysis gained from the customer base and market contacts gave us a real confidence that we were supporting a refreshingly different operator in the sector.”
Matt McNally, Director at Armstrong, said: “Pareto is a business which has successfully carved out a clear market position in a sector where it can be difficult to stand out. The company’s key differentiators came across clearly during our customer referencing work, and we believe Andrew and the team are well placed to enjoy success in the coming years.”
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