Ontario Teachers invests in Pamplona-backed CSC ServiceWorks
Ontario Teachers' Pension Plan has agreed to buy a minority stake in CSC ServiceWorks Inc, which is backed by Pamplona Capital Management. No financial terms were disclosed. The transaction, which will give Ontario Teachers a 29.7 percent stake in CSC, is expected to be completed in December. Morgan Stanley served as financial advisor to the company and Pamplona on the deal. CSC is a provider of multi-family housing and commercial laundry services, as well as air vending services. Update: The U.S.-based business was created in 2013 when Pamplona bought Coinmach Service Corp and AIR-serv Group LLC.
21 October 2014•4 mins read
