Fortaleza Capital acted as exclusive corporate finance adviser to Cire Facility Group on the acquisition of TCW Group
About TCW Group:TCW Group, established in 2001, is one the largest business to business companies in the non-food sector supplying restaurants, hotels and other food-related companies. TCW is based in Utrecht (the Netherlands) and delivers solutions to 2,000 companies, offering its clients a well-structured team and a carefully composed network of suppliers and distributors. TCW believes in convenience, efficiency and innovation and offers straightforward, but relevant services and an extensive product range as well as tailor-made programmes to its clients. The extensive product range encompasses over 10,000 products, from tableware (e.g., wine glasses and dinnerware) to large-scale investment goods (e.g., dishwashers, ovens, lighting, entire kitchens, catering and/or dining rooms).
Additionally, TCW offers packaging products and creates new, tailor-made product concepts, whereby the chosen service product is adjusted or decorated according to customers’ wishes. Furthermore, TCW offer stock-keeping for all products at its warehouse in Utrecht and can supervise the entire purchasing policy and logistics services.
About Cire Facility Group:Cire Facility Group is a venture capital company that, together with its subsidiary companies, forms a leading group of facility service providers. Cire’s clients primarily come from the office, hotel, healthcare and leisure sectors. Cleaning, wholesaling, secondment and facility management are the main activities of Cire’s subsidiary companies, which operate fully independently under their own brands. Collectively, they make use of Cire Facility Group’s network and strong back office. Around 4,000 people work at Cire Facility Group.
TCW Group has become part of Cire’s subsidiary Facility Trade Group, which also comprises the companies Blue Wave, ASP and Dirksen.