Soho Square Capital parts with Churchill Group

• Soho Square invested in Churchill in 2020
• Churchill is the third exit from Soho Square’s latest institutional fund
• Soho Square is an investment firm based in London

Soho Square Capital has exited its investment in Churchill Group, a UK-based facilities management company, to an Employee Ownership Trust (EOT).

Churchill is headquartered in Luton, England. The company provides cleaning, security, catering and environmental consultancy services across the education, rail and transport, public sector, corporate and property management sectors.

Soho Square invested in Churchill in 2020.

Churchill saw significant organic growth, which has seen EBITDA almost double under Soho Square’s ownership, according to a release.

“When Churchill’s founding team explored early exit options, Soho Square’s minority equity structure enabled the company to have greater choice of exit routes than would be the case with more traditional private equity structures,” said Stuart Hamilton, principal at Soho Square.  “We are delighted to see them complete the exit to an EOT, which results in a full exit for Soho Square and Churchill now being fully owned by its management team and employees.”

Churchill is the third exit from Soho Square’s latest institutional fund.

Soho Square’s deal team was led by Stephen Edwards (co-managing partner) and Hamilton, with portfolio management support provided by Gail Bamforth.

Soho Square is an investment firm that provides capital typically in the form of senior or preferred capital with minority equity stakes to UK and European SMEs. The firm is headquartered in London.

Soho Square and Churchill were advised by Grant Thornton (corporate finance), Shoosmith’s (legal) and PWC (financial due diligence).