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Bidvest expands international presence
South African listed global services and trading company Bidvest has acquired Australia-based B.I.C. Services, in a move to continue to expand its global operations.
Lauren Croft
Firm: Gilbert + Tobin (B.I.C. Services)
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Deal: G+T has advised the shareholders of B.I.C. Services on its sale to South African listed company Bidvest.
Value: Undisclosed
Area: Merger and acquisition
Key players: The G+T team was led by corporate advisory partner David Josselsohn together with lawyers Muli Zhou and Rohit Duggal. The team was also supported by specialists throughout the firm.
Deal significance: B.I.C. Services is a leading provider of integrated facilities management services across premium-grade office, commercial and education sites in Australia. Its core offering leverages an interactive technology solution supported by a full range of hygiene, waste, maintenance and other ancillary services.
Bidvest is a global services, trading and distribution company listed on the Johannesburg Stock Exchange. The transaction is significant in the space, forming part of Bidvest’s expanding international presence in facilities management and its first foray into Australia in the sector.
David Josselsohn said: “It was our pleasure to have advised and supported the shareholders of B.I.C. Services on this milestone transaction for them. We are excited to watch B.I.C. Services grow from strength to strength under Bidvest’s ownership”.
