Neuberger Berman Buys Minority Stake in CSC ServiceWorks
March 06, 2015
Neuberger Berman has acquired a minority stake in CSC ServiceWorks, a portfolio company of Pamplona Capital Management and Ontario Teachers' Pension Plan. With over 3,000 associates across North America and Europe, CSC is a route-based service provider of multifamily housing and commercial laundry services, as well as air vending services to convenience stores and gas stations. Pamplona created the company as a platform in May 2013; Teachers' acquired a 29.7% stake in late 2014.