PwC advises Nurture Group on its acquisition of Tivoli Group
PwC’s Business Services Lead Advisory team is pleased to announce that it acted as Lead Financial Advisor to Nurture Group on its acquisition of Tivoli Group.
The transaction marks a significant milestone for Nurture, being its 50th and largest acquisition to date.
PwC’s Business Services Lead Advisory team has a longstanding relationship with Nurture Group since 2018 and previously advised its shareholders on the minority investment by All Seas Capital in April 2023.
Nurture Group
Founded in 2008, Nurture Group provides market-leading landscaping, ground maintenance, and pest control services to a diverse portfolio of blue-chip and SME clients via its five multi-award winning brands: Nurture Landscapes, Gavin Jones, Gristwood & Toms, Nurture Pest Control, and now Tivoli.
Tivoli Group
Tivoli Group is a leading provider of grounds maintenance and outdoor services. It has been under private equity ownership with Sullivan Street Partners since 2018, following its carve-out from ISS A/S.
The transaction
The PwC Lead Advisory team provided buy-side advisory services and coordinated all aspects of the transaction on behalf of Nurture Group.
PwC’s Business Services Lead Advisory team consisted of:
- Corporate Finance: Coolin Desai, Matt Loxton, Lewis Jones and Mara Maerean
- Deals Insights and Analytics: Dan Stott, Harry Dobson and Jamal Sondhi
Peter Fane, Executive Chairman at Nurture Group, said:
“Working with Coolin, Matt, Dan, and the PwC team again on what is a landmark acquisition for Nurture Group was a pleasure. PwC provided us with invaluable senior and hands-on support throughout the entire process, and I thank them for their support throughout the transaction.”
Coolin Desai, Partner at PwC, said:
“We are thrilled to have advised Peter, Gareth, Daniel, and the team at Nurture Group on what is a tremendous milestone for the business. The acquisition continues the rapid growth trajectory of the Nurture Group, and the team continues to create a hugely successful market-leading platform of scale in the sector.”
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