The UK-based £ 14.5 billion ($ 23.61 billion and Rs. 1, 15,000 crore) Compass Goup PLC, the world’s leading foodservice and facility management company has acquired Vipul Facility Management (VFM)..VFM was advised by SNG & Partners with a team led by Partner Amit Aggarwal..Compass Group was advised by ALMT Legal with a team led by Partner Aliff Fazelbhoy..VFM is a national player in the support services organisation with locations across the Indian region, operating predominantly in the business and industry markets. The company is family owned and run by Punit Beriwala with its main operations in Delhi..Following this acquisition, the Compass Group will service clients across 44 cities in India..Media reports Vipul Facilities had gross assets of Rs. 37 crore ($8.31 million), with revenues of Rs. 75 crore ($15.79 million) as of March 31, 2010..Concurrently, Compass Group has also acquired Ultimate Hospitality Services Pvt., Ltd.
The UK-based £ 14.5 billion ($ 23.61 billion and Rs. 1, 15,000 crore) Compass Goup PLC, the world’s leading foodservice and facility management company has acquired Vipul Facility Management (VFM)..VFM was advised by SNG & Partners with a team led by Partner Amit Aggarwal..Compass Group was advised by ALMT Legal with a team led by Partner Aliff Fazelbhoy..VFM is a national player in the support services organisation with locations across the Indian region, operating predominantly in the business and industry markets. The company is family owned and run by Punit Beriwala with its main operations in Delhi..Following this acquisition, the Compass Group will service clients across 44 cities in India..Media reports Vipul Facilities had gross assets of Rs. 37 crore ($8.31 million), with revenues of Rs. 75 crore ($15.79 million) as of March 31, 2010..Concurrently, Compass Group has also acquired Ultimate Hospitality Services Pvt., Ltd.