Mitie’s board has unanimously approved a take‑private deal that values the company at a 46.8% premium over its closing share price. The transaction is led by CD&R‑backed OCS Group International, which will acquire the London‑listed facilities‑management firm. The deal removes Mitie from the market, giving shareholders a substantial upside and positioning OCS to expand its footprint across the UK’s commercial services sector.\n\nThe agreement underscores a broader trend of active private‑equity interest across Europe, with several mid‑market consolidations in the facilities‑management arena.

OCS Group’s purchase represents the latest high‑profile move in a market that has yet to show signs of a summer slowdown. In parallel, Apax Partners is set to acquire titles from Epiris‑backed Delinian, adding further liquidity to the sector.\n\nIndustry observers note that the premium offered signals strong confidence in Mitie. The transaction exemplifies how CD&R and other PE sponsors are leveraging robust valuations to drive growth and operational efficiencies in the services space.\n\nMorning all, Craig McGlashan reports from the London newsroom with the Europe Wire, noting that no clear signs of a summer slowdown emerge in the region’s deal flow.

The Mitie transaction is among the most visible moves in that landscape.