Pareto FM, the UK’s market-leading ESG driven provider of technical and facilities services to the built environment, is delighted to announce a new investment partnership with Pictet that will enable it to further accelerate growth.
Pareto is a leading supplier of technical hard FM services to blue chip clients globally including Flutter, Deliveroo, London Zoo, King.com, Cross Country Trains and Amnesty International. Founded in 2014, Pareto has won multiple awards for service delivery and its ESG centric approach to innovation with a core focus on customer advocacy across technical services.
Over the last three years, following an early investment from NVM Private Equity, Pareto has strengthened its systems, processes, people, and governance. This has fostered an outstanding customer service ethos, promoting diversity within the organisation and driving significant growth both organically and through M&A. Today, Pareto is recognised as a competitive and differentiated force within the UK FM market.
Pareto is now ready to embark on the next phase of its growth journey and is pleased to announce a further investment from Pictet (www.pictet.com). This investment will further enable Pareto to explore new technologies, in house technical service delivery capabilities, geographies and complimentary value add service lines to support clients in even greater ways.
David Richards, CEO of Pareto, commented “With our new investment partner, Pareto is committed to expanding its portfolio of esteemed clients and creating more amazing opportunities for our team members. The senior leadership team of Pareto are all as excited as I am as we embark on our next stage of growth. I would like to say a huge thank you to NVM for their investment, trust and guidance over the last 3 years. Furthermore, I am happy to announce that Andrew Hulbert will remain in his role as Vice Chair with a continued focus on enhancing our service offering and serving as a valuable brand ambassador for Pareto.
Andrew Hulbert, Vice Chair and Founder, added “Nine years ago we had the vision to create a technically led Facilities Management provider that would disrupt the market and be at the forefront of diversity and inclusion. Today, I am incredibly proud of what Pareto has achieved and am so excited for this next phase. Dave Richards has transformed Pareto since joining and with his competence, professionalism, governance focus and technical expertise he will continue to lead an incredible business. I’d like to extend my thanks to NVM and extend a warm welcome to Pictet. We look forward to changing the world together”.
Pictet [Pictet Group is a global asset and wealth manager that has a more than 200 year heritage.
supporting and backing entrepreneurs and family owned businesses. It is currently owned by its
Partners and has the ninth generation of the Pictet family active in the business. Pictet Group has
over ~$650 billion in Assets Under Management (“AuM”) with 5,000+ employees across 30 global offices, and a leading credit rating of AA-/Aa2. Pictet has currently $bn of AuM in private equity.
Pareto represents its first investment from its new direct European middle market private equity fund, Pictet Entrepreneur Capital.