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Magma Corporate Finance has advised on the sale of East Midlands’ contract cleaning company, Lindsay Phillips Property Care (LPPC), to Birmingham-based Hygiene Group.
Set up in 2012 by husband-and-wife team Lindsay and Emma Phillips, the business has grown “rapidly”, with “large” commercial contracts across Derbyshire and the neighbouring East Midlands.
LPPC was advised on the sale by Mark Tuckwell, Shaf Bheda and Chris Matthews of Magma Corporate Finance, acting as lead advisors, and Jon Kick provided tax advice.
Freya Summers at Wright Hassall Solicitors led the legal advisory team.
Philips said: “We are excited about joining a prominent organisation with a like-minded approach, like Hygiene Group and excited about the positive impact this will have for our staff and customers.
“The transition has been a really emotional one for us, as we have built the business with our hearts and souls for such a long time. Magma’s support has been absolutely spot-on throughout.”
Chris Matthews, corporate finance manager, added: “It’s been a pleasure supporting Lindsay, Emma, and the team, and we look forward to hearing of their continued success within the Hygiene Group family.”
