United Kingdom

Office cleaning firm OCS in takeover talks with US private equity firm

A family-owned office cleaning company has held talks with an American private equity firm connected to ex-Tesco boss Sir Terry Leahy about a takeover, sources said.

It is understood that OCS, which also provides security guards to shopping centres and catering for office canteens, is working with advisers from Lazard on 'strategic options', which could lead to a sale of a stake in the business.

OCS was founded as The New Century Window and General Cleaning Company by Frederick Goodliffe in 1900.

OCS is still family-owned, so any deal could crystallise a hefty pay-out for family members

A decade later his three sons – Gilbert, Tom and George – joined the company and today fifth generation relatives still work at OCS, which has remained in Goodliffe family ownership.

As a result, any deal could crystallise a hefty pay-out for family members. Ian Goodliffe, one of the great grandsons of Frederick Goodliffe, is a director of OCS.

One source suggested that US-based Clayton Dubilier & Rice – which employs Sir Terry as an adviser – may be the private equity firm in 'exclusive' talks with the owners of OCS, which employs 19,000 people.

Clayton Dubilier & Rice has been highly acquisitive over the last year, acquiring a variety of UK firms, including plumbers' merchant Wolseley for £308 million.

OCS and Clayton Dubilier & Rice declined to comment.

Football news:

Raul is the favorite for the post of coach of Real Madrid, Allegri and Lev are on the list of candidates
Fonseca on 2-0 in the Rome derby: Roma did not allow Lazio to play the way they like
Golovin about learning French: I understand football terminology, but the language itself is not so simple
Chiellini on refereeing the game against Inter: I can't say what I think. But Juve did not steal anything
Alaba bought 2% of Aust for 500 thousand euros. He helps his native club win debts
Just look at how happy Gerrard is. He lifted the first trophy of his coaching career
How nice it was to watch the FA Cup final - more than 20 thousand fans at Wembley!