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ARCUS FM SECURES A BOOST IN CAPITAL

Money © iStock
Arcus FM secures a boost in capital © iStock

10 February 2020 | Prithvi Pandya

   

Arcus FM has announced that it has secured strategic investment from ESO Capital and will use its new capital to develop technology, training and innovation. 

 

The provider of facilities management and technology-led solutions in retail, logistics and the public sector will become independent from Sainsbury’s as part of the transaction, but will continue to provide FM services to its client and to develop their long-term relationship while embarking on its next strategy phase. 


Arcus CEO Chris Green and chief strategy officer Steve Willis will continue to lead the firm through its next phase of growth, alongside ESO Capital. Green will oversee the operational part of the business and Willis will manage the implementation of the business strategy across the organisation. 


Paul Knight joins the company from AIA Worldwide as chief financial officer. He replaces Neil Pearce, who will be leaving the company. 


Green said: “This is a very exciting time for Arcus. Our company is growing rapidly so it was important for us to join forces with a reliable investor who shares our long-term vision, and this partnership will allow us to accelerate our expansion within the FM industry.”


David Steel, director of ESO Capital, said: “We are 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 ESO Capital to support the management team of Arcus 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 ESO Capital is pursuing in the UK and northern European markets.”