Corrigenda

We’re pleased to have advised Corrigenda, a leading provider of technical maintenance and installation services, on its sale to Apleona, one of Europe’s largest integrated facilities management companies.

Based in the South of England and employing over 200 people, Corrigenda specialises in delivering high-quality, bespoke solutions for complex and multi-site facilities across the public sector, education and local authority markets. Its services span the installation of mechanical, electrical and HVAC systems as well as decarbonisation projects.

Apleona, headquartered in Neu-Isenburg near Frankfurt and backed by Bain Capital, operates in more than 30 countries with over 40,000 employees. This transaction marks its third UK acquisition since 2022, further strengthening its position as a leading provider of integrated facility management and technical services in the region.

Our Corporate Finance team in Reading, led by Partner Darren Miller, acted as sell-side advisers, managing the process from initial positioning and buyer engagement through to negotiations and completion. We were initially appointed to advise Corrigenda’s shareholders on a bi-lateral sale process with another buyer.

Following our advice to terminate those discussions, our role evolved into supporting the shareholders through a targeted marketing exercise to locate an alternative option. We identified Apleona as an ideal fit, with the move allowing the business to strengthen its regional presence and expand its range of services.

Darren Miller, Partner at FRP Corporate Finance, said: “Corrigenda has established itself as a trusted partner for clients with complex facilities looking to meet their sustainability goals – a market that will only grow in the years to come.

“With Apleona’s support, Corrigenda is very well placed for its next stage of growth. This deal is a great example of how a focused sale process can deliver a strong strategic outcome, even when initial routes to market change, and we look forward to watching the business’ continued development in the years ahead.”

Paul Spencer, Chief Executive of Corrigenda, said: “This deal marks a milestone for all of us at Corrigenda. We are eager to become part of the Apleona team and are excited about the opportunity to build together, elevate our service quality and broaden our range of clients.

“I had the privilege of working closely with Darren Miller of FRP Corporate Finance during the sale process.  Darren’s expertise, professionalism, and unwavering commitment were pivotal in guiding us through what was both a complex and significant milestone for the business. His ability to provide clear, pragmatic advice, coupled with a strong grasp of shareholder priorities and the buyer’s strategic goals, ensured that we navigated the process with confidence and clarity.  What stood out most was Darren’s commercial acumen and steady leadership.  His calm, assured approach and deep sector knowledge gave us reassurance at every stage of the transaction.”

Adrian Connor, Managing Director of Apleona UK, said: “We are delighted to welcome Corrigenda to Apleona UK, whose expertise complements our business in the UK perfectly.

“Leveraging the experience and expertise gained from our previous successful integrations, we are committed to ensuring a smooth transition and delivering sustainable growth.”