Citic Capital looks to clean up with janitorial firm buy

The Chinese private equity company plans to help the Jiangsu-based facility management firm it is buying expand organically and via M&A.

Citic Capital looks to clean up with janitorial firm buy

Citic Capital said its China buyout fund had completed the acquisition of a majority stake in Jiangsu Sky Facility Management.

SkyFM provides facility management services, such as security, cleaning, engineering maintenance and administration, to multinational companies and Chinese state-owned enterprises, Citic Capital said in a statement on Monday.

Based in Wuxi, Jiangsu province, the firm has more than 500 operational sites across eastern China. It has more than 7,000 staff...

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