Office Concierge Limited / Sofinord via Group Armonia
Cavendish Corporate Finance, the specialist sell-side M&A firm, has advised on the sale of Office Concierge to Armonia, a French corporate reception services provider, a wholly owned subsidiary of Sofinord .
Founded in 2002, Office Concierge was the first company in London to develop and launch the concept of a totally outsourced solution for reception management services. The company delivers front of house concierge and lifestyle services to more than 220 offices in the City, Canary Wharf and the West End. Office Concierge has 550 employees and generates annual revenues of GBP 18m.
Founded in 1974, Sofinord is a French family-owned group with subsidiaries including ICTS, Phone Régie, Muséa, Mahola Hôtesses, Mahola, Côme, Facilitess, Facilevent, Avenir RH, CESG, and Hoteling. The group generates annual revenues of GBP 800m with c. 20,000 employees
This acquisition enables Armonia to enter the UK market and to cross-sell its services to Office Concierge clients.
James Ellis, Cavendish partner, commented:
“We are delighted to have advised the shareholders of Office Concierge and to have found in Sofinord the right partner to enable the group to enter new markets, access new clients and develop its unique offering.”
“We are delighted to have found the right partner in Sofinord to support Office Concierge in the next stage of growth, 16 years after myself, Clifford Baker and Anne Marie Holland started the business. We are very proud of the company we have built and the highest standards of service that we provide to our clients. The team at Cavendish were with us every step of the way and worked tirelessly to achieve a successful sale. We are very pleased with the comprehensive service we received from Cavendish.”
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