FacilitySource Holdings, LLC Agrees to be Acquired by CBRE Group, Inc.

June 12, 2018

Willkie advised FacilitySource Holdings, LLC, a portfolio company of private equity firm Warburg Pincus LLC, on the transaction.

On June 12, Willkie client FacilitySource Holdings, LLC, a high-growth leader in technology-based procurement and facilities management solutions, agreed to be acquired by CBRE Group, Inc. (NYSE:CBRE). CBRE is the world’s largest commercial real estate services and investment firm. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.

The transaction was consummated concurrently with signing and valued FacilitySource at approximately $300 million. Willkie also represented Warburg Pincus in the acquisition of FacilitySource in 2012, the subsequent acquisition of Ascential Services Corporation, and several financing transactions.

The Willkie deal team was led by partners Steven Gartner, Russell Leaf, Jeffrey Goldfarb, Hillel Jacobson, Jordan Messinger and Eugene Chang; counsel Jacob Kleinman, Jonathan Konoff and Jeffrey Clancy; associates Richard Hevier, Ryan Stott, Andrew Herman, Caitlin Link, Shira Silver and Matthew Makover.