Phatisa invests in African facilities management group
Phatisa invests in African facilities management group
A consortium comprising Phatisa, ES-KO, and management, has acquired 100% of International Facilities Services.
A consortium comprising Phatisa, ES-KO, and management, has acquired 100% of International Facilities Services (IFS) from Development Partners International (DPI) for an undisclosed sum.
Established in 2000, IFS is an African integrated facilities management business, supporting blue-chip customers operating in remote sites. Having started its activities in South Africa, IFS has progressively expanded its footprint, servicing more than 40 remote sites across six African countries including Mozambique, DRC and Zambia.
IFS employs about 4,000 people and provides comprehensive facility management solutions including catering, cleaning, laundry, pest control, site management and housekeeping services.
Rinolan Moodley, senior partner at Phatisa, commented: “We are excited to partner with IFS and ES-KO to further our mission of driving sustainable growth and creating a meaningful impact across the African continent. This investment epitomises our commitment to combining financial and operational performance with positive social and environmental outcomes.”
Franco Zanotti, president of ES-KO, stated: “Our partnership with IFS and Phatisa reflects our philosophy in providing exceptional services to customers while fostering local economic development and sustainability. While IFS will remain operationally autonomous – we see exciting opportunities to develop synergies by sharing best practices and know-how.”
Henlo Webber, CEO of IFS, added: “This partnership marks a significant milestone for IFS. We are enthusiastic about the opportunities this collaboration brings in terms of growth and enhancing our impact on the communities we serve – whilst continuing to effectively serve our customers. We believe in a culture of creating a home for our employees and a home experience to our customers, which we feel is aligned to the same values of Phatisa and ES-KO. With the support of our new shareholders, we are poised to achieve our vision of becoming the leading facilities management group in Africa.”
The transaction remains subject to regulatory approvals.
Debt financing was provided by Standard Bank and lead advisors to Phatisa and ES-KO included DLA Piper (legal), EY (financial and tax) and IBIS (ESG).
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