PE firm cleans up with Tudor deal

THE Manchester office of private equity firm Foresight has invested in Salford-based window and office cleaning company Tudor Contract Cleaners.

Tudor, which employs 250 staff and has a turnover of around £4m, has three core service offerings of window cleaning, general cleaning and ancillary cleaning.

The company has over 100 customers across the North West including Transport for Greater Manchester, Hilton, Radisson and Marriott, with several looking at national contracts.  

Managing director Tony Camilleri and general manager Joanne Youd will be supported by a new non-executive chairman, David Steventon, who has worked with Foresight on previous investments. A financial director is also being recruited.  

Camilleri said: “The amount that Tudor has grown since inception is incredible, having started with a contract at just one hotel and now servicing clients in a number of major UK cities.

“With Foresight’s help the doors are open for the company to grow exponentially above and beyond what was previously possible and I very much look forward to working with the team to ensure this happens.”

Claire Alvarez, senior investment manager, Foresight, said:  “Tudor is a business renowned for its 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.”  

The deal is the fourth to be completed from the £40m Foresight Regional Investment Fund, which is led from the group’s Manchester office, and is the seventh deal from the private equity team in the eight week lead up to Christmas.

CLB Coopers and Kuits advised the company, whilst BDO and Shoosmiths conducted due diligence.