G+T has advised the shareholders of B.I.C. Services on its sale to South African listed Bidvest.
B.I.C. Services is a leading provider of integrated facilities management services across premium grade office, commercial and education sites in Australia. Its core offering leverages an interactive technology solution supported by a full range of hygiene, waste, maintenance and other ancillary services.
Bidvest is a global services, trading and distribution company listed on the Johannesburg Stock Exchange. The transaction is significant in the space, forming part of Bidvest’s expanding international presence in facilities management and its first foray into Australia in the sector.
G+T’s market-leading Corporate Advisory team advised on all aspects of the transaction.
The G+T team was led by Corporate Advisory Partner David Josselsohn together with lawyers Muli Zhou and Rohit Duggal. The Corporate Advisory team was also supported by specialists throughout the firm.
David Josselsohn said, “It was our pleasure to have advised and supported the shareholders of B.I.C. Services on this milestone transaction for them. We are excited to watch B.I.C. Services grow from strength to strength under Bidvest’s ownership”.
G+T’s Corporate Advisory team, which boasts some of Australia’s leading M&A and Private Equity lawyers, has advised on many of Australia’s largest and most innovative transactions, including recently advising Komatsu on its acquisition of MST Global, Southern Star Research on its sale to Quadrant Private Equity, Quadrant on its acquisition of TSA, Quadrant on the sale of APM to Madison Dearborn Partners, TPG Capital on its $1 billion acquisition of ASX-listed pets and vets company, Greencross Limited, Konekt on its acquisition by Advanced Personnel Management, DuluxGroup on its $3.8 billion acquisition by Nippon Paint and KKR on its $2 billion acquisition of MYOB. The team is recognised in the leading legal directories, including being recognised as Band 1 for Corporate/M&A by Chambers Asia-Pacific 2022 and Tier 1 for M&A by IFLR1000 2021.