Livingstone has advised the shareholders of Four Seasons Group, the leading independent provider of building energy management solutions to the UK commercial property and education sectors, on the sale of the business to RCapital LLP.
Four Seasons is one of the UK’s largest energy management-led building services providers, delivering installation, maintenance and energy management services to blue-chip commercial customers. It has also successfully carved out a specialist position providing sophisticated environmental and critical airflow controls to leading universities including Brunel, Manchester, Bristol and Warwick in the UK, Erasmus in Holland and the Masdar Institute in Dubai.
Livingstone ran a twin-track sale process on behalf of the management team, Barclays Ventures and Sankaty and obtained offers for the business from a variety of corporate and private equity-backed acquirers, RCapital’s proposal ultimately won out for its combination of value and commitment to making future investment in Four Seasons.
Maurice McBride, exiting Chairman, Four Seasons commented: “Livingstone were tireless in finding the purchaser and negotiating the best possible deal for investors and for the business going forward. We are confident that RCapital will help Four Seasons reach its full potential.”
Graham Carberry, Director at Livingstone added: “This transaction provides the Four Seasons team with the capital and support to drive the next stage of growth, while providing an exit for the investors, including Barclays Ventures.”