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Posts Tagged ‘Bidvest’
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July 31, 2017

Bidvest acquires Irish Management Company for R2.7 billion

Bidvest has acquired 100% of Irish facility management company Noonan for R2.7 billion, it said in a shareholder statement on Monday.

According to the agreement, Bidvest will acquire 100% of Noonan from Alchemy Partners as well as Noonan’s current management team for R2.7 billion, pending Reserve bank approval.

Noonan, which is based and operates throughout the Republic of Ireland, is aimed at delivering integrated facility management (FM) services and solutions. Its services include soft, technical and ancillary services, and range from cleaning and security to building services and facilities management.

“The Acquisition of Noonan is in line with Bidvest’s [...]

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May 24, 2017

A promising partnership

Bidvest former CEO and Famous Brands former CEO tie up.

One of South Africa’s most respected business leaders, Kevin Hedderwick, has teamed up with industry giant, Brian Joffe, to create magic out of Joffe’s new business, Long4Life. The former CEO of Famous Brands has been appointed as the COO of Long4Life, which raised R2 billion ahead of its listing in April. The company is yet to make an investment, though talks are under way to acquire the rapidly growing beauty chain, Sorbet.

Late last year Hedderwick announced he would retire from his position as CEO of Famous Brands in February, after 16 years with the group. At the time he made it clear that he was making way [...]

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