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BUSINESS PRODUCTS & SERVICES | Consulting & Outsourcing / Research, Engineering & Technical
geicolender.it

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Stage

Acquired | Acquired

About Geico Lender

Geico Lender is a building technical engineering services provider.

Geico Lender Headquarter Location

Via G. Verrotti, 134

Montesilvano, 65015,

Italy

+39. 085. 4491833

Latest Geico Lender News

CBRE buys Italy’s facility management leader Geico Lender from two private equity funds

Dec 21, 2017

CBRE buys Italy’s facility management leader Geico Lender from two private equity funds CBRE Group, the world’s largest commercial real estate services and investment firm, has announced the acquisition of Geico Lender, a leading building technical engineering services provider in Italy. Geico Lender will be part of CBRE Global Workplace Solutions (GWS), a CBRE Group’s subsidiary focused on facility management services (see  here the press release ). Sellers are funds managed by Neuberger Berman (which bought its stake in Geico Lender from Fondo Italiano d’Investimento sgr, in a deal that saw the acquisition of all portfolio companies owned by FII sgr, see  here a previous post by BeBeez ) and the Atlante Private Equity fund, managed by Imi Fondi Chiusi sgr. In 2011 the two funds had subscribed together a 9 million euros capital increase in Geico srl (6 millions Atlante Private Equity and 3 millions Fondo Italiano) allowing the company to take full control in the Padoa-based  company Lender (see  here the 2011’s press release ). Based in Montesilvano (Pescara), Geico Lender is active in the facility management sector and provides a broad range of services focused on the maintenance and installation of HVAC, building automation and other technological systems for financial institutions and other private sector companies. Founded in 1989, the company employees more than 300 people operating from six locations across Italy and reached 42.8 million euros in revenues in 2016 and 2.9 millions in ebitda with 1.2 millions in net financial debt (see  here an analysis by Leanus , after free registration an login). Geico Lender was advised by EY as a financial advisor and  Studio Legale Ughi e Nunziante law firm.

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