TowerBrook Capital Partners (“TowerBrook”) has entered exclusive discussions to acquire a stake in the GSF group (“GSF”).
Owned and controlled by the Noisiez family since its establishment in 1963, GSF has grown considerably to become a reference for quality in the French cleaning sector, employing more than 41,000 people and generating 1,098 million euros in revenue in 2021.
The Noisiez family will remain significantly invested in GSF and will continue to be involved in the group’s governance bodies.
The new partnership with TowerBrook will ensure strong continuity in the strategy and management of GSF. It will support GSF in accelerating its growth, continuing to develop its activities and further diversify its service offering.
“TowerBrook is well-equipped to support GSF in its future development, due to its experience and network in the business services sector. Its overall experience of investing in companies in the French and European markets represents a real opportunity for the Group” says Christophe Cognée, President of the Management board of GSF.
“We are strongly convinced that GSF is well positioned strategically within its sector and are therefore enthusiastic about the idea of working on the development of a partnership, and actively supporting the group and its management team on its future development plans”. says Jean Rollier, Managing Director at TowerBrook.
The transaction will be subject to the approval of the relevant authorities and is expected to be finalised before summer.