Next Wave invests in Chapco…

Press Release:

19th July 2010: Growth capital private equity investor Next Wave Partners LLP (Next Wave) has invested £5 million into leading facilities management company Chapco Group Limited (Chapco) for a significant minority stake in the business.  The funding will be used to acquire other companies in the sector.

Next Wave Partner Stephen Walls will join Chapco’s board of directors giving the company the benefit of his experience in successfully growing property services firm VPS and leading growth in several FTSE 100 companies ”Chapco has a strong team, great customers, a reputation for quality and many opportunities for growth.  Next Wave is looking forward to working with Chapco”.

Chapco CEO and majority shareholder, Richard Chapman says, “I am delighted to have partnered with NWP to help  take the business to the next level”.

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