Pune-based facility management business CLR Facility Services has bought a majority stake in Mumbai-based Hindustan Facilities, reported VC Circle. CLR is backed by the domestic investment firm, IndiaNivesh Fund.
Clove Legal acted as the legal advisors to
The IC Universal Legal team advised
Establised in 2009, Hindustan Facilities provides housekeeping and specialized services, having presence in over 10 states across the country and boasting a client base including corporate offices, multiplexes, IT and real estate companies.
The current acquisition by CLR Facility is expected to aid the company’s facilities management services business in the expansion and in providing specialised cleaning solutions to customers across the country.
2018-09-14