Travers Smith has advised on the £32.2m acquisition by Bell Rock Bidco Limited (backed by funds managed by Lyceum Capital Partners LLP) of the FM division of Johnson Service Group PLC including SGP Property & Facilities Management (SGP), an independent provider of facilities management (FM) supply chain services.

The deal sees the lower mid-market investor back a new and experienced management team to drive the company’s expansion in its existing and new growth sectors, as well as further develop its suite of services.

Established in its current form in 2007, SGP supplies a range of managed facilities and property services under long-term contracts to its blue chip client base across the healthcare, education, corporate and retail sectors. 

The company uses its own FM technology platform to plan, report and analyse trends to help its customers operate and manage their estates more efficiently. The delivery of this offering is coordinated by SGP and outsourced to the accredited suppliers, both local and national, enabling SGP to provide and manage an independent, high quality and fully tailored service which presents the best value to individual clients with large, complex portfolios.

The business’ complementary property services include service charge and business rate advisory and technical and environmental consultancy relating to construction design, energy usage and building fit-out, refurbishment and relocation. 

The Travers Smith team was led by private equity partner Paul Dolman and senior corporate associate Will Yates and also included banking partner Charles Bischoff and senior banking associate Barry Newman. Johnson Service Group PLC was advised by Hill Dickinson (Sue Russell).