CD&R’s ServiceMaster files for IPO

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Private equity-backed ServiceMaster Global Holdings has filed for an IPO.

The outsourced facilities services company is owned by US-based Clayton, Dubilier & Rice, which sealed a $5.5bn buyout in March 2007.

ServiceMaster said it expects to use the proceeds primarily to repay indebtedness.

Headquartered in Memphis, Tennessee, the company provides residential and commercial services, operating through a service network of more than 7,000 company-owned, franchised and licensed locations. Brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec.

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