Soho Square Invests In Facilities Management Provider Arcus FM

Arcus FM

7th February 2020

Soho Square UK LLP (“Soho”), the provider of flexible capital solutions to European SME’s, announces today it has provided growth capital to market-leading tech-enabled integrated facilities management provider, Arcus FM (‘Arcus’ or ‘the Company’).

The deal was structured as the financing of a management buyout, which also saw Soho take a significant minority equity stake in the business. David Steel, Director at Soho, will also join the Board of the Company.

Today’s investment will enable the management team of Arcus to accelerate its ambitious expansion plans, through Soho’s financial backing and ongoing equity ownership, and their hands-on support and expertise in working with fast-growing businesses.

Arcus was formed in 2009 as part of a joint venture with Sainsbury's. It is a leading UK based facilities management (‘FM’) company providing bespoke FM services and technology-led solutions for its clients in the retail, logistics and public sector. The Company has experienced significant organic growth since inception, supported by its close relationship with Sainsbury’s, which continues to develop. 

The existing Arcus management team will remain majority equity shareholders, led by CEO Chris Green. 

This is the second transaction completed from Soho’s latest institutional special opportunities fund, following the investment in marine transportation provider Oslo Tankers in 2019.  The Arcus deal structure is typical of the types of customised transactions that Soho focuses on, providing both flexible capital and dedicated portfolio company support for European SMEs.

Chris Green, CEO of Arcus FM, commented: “This is a very exciting time for Arcus.  Our Company is growing rapidly so it was important for us to join forces with an institutional investor who shares our long-term vision, and this partnership will allow us to accelerate our expansion within the facilities management industry.”

David Steel, Director, Soho Square, commented: “At over £150 million of revenues and growing at an impressive rate, Arcus is already a very successful business led by an experienced management team.  We were particularly impressed with the Arcus technology, especially the Helix integration platform, which has been specially developed in-house over a number of years.  Given our experience in supporting high-growth companies, we see considerable opportunity for Soho Square to support the management team as it looks to build its market share in this very interesting sector. Our investment in Arcus, which sits senior in the capital structure, is typical of the type of investment that Soho Square is pursuing in the UK and northern European markets.” 

Soho’s deal team was led by David Steel (Director) and Stuart Hamilton (Associate).  Soho’s legal advisor was James Cross at K&L Gates.  Grant Thornton provided buy-side financial advice to Soho (Usman Malik) in addition to financial, commercial and tax due diligence (Carl Parker, Ven Balakrishnan, and Lucy Orhnial).  BDO Corporate Finance (Satvir Bungar) advised Arcus management shareholders on the transaction and identified Soho Square early on as a strong investor partner for Arcus.



For further information

For further information on the Arcus deal

Soho Square Partners

David Steel 
+44 203 642 2600

Notes to Editors

About Arcus FM:

Arcus FM was formed in 2009 as part of a joint venture with Sainsbury's. The UK based facilities management company provides bespoke FM services and technology-led solutions for its clients in the retail, logistics and the public sector. 
Today, with over £150m of long-term contracted revenues which are rapidly growing, Arcus is a well-established top 20 UK national integrated FM provider.
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