A health, safety and ESG risk management provider, established in 1979 and now employing around 750 people, has secured a new private equity investment.
Alcumus helps organizations with its expertise and integrated products and services that anticipate, manage and mitigate risk. The company has UK bases in Cardiff, Manchester and Stratford as well as offices in North America and APAC.
Funds advised by Apax Partners LLP, a global private equity advisory firm, have made an investment for a majority stake in the company.
Apax operates at seven locations worldwide and has raised $60 billion in global funds since its inception nearly 50 years ago. The Apax Fund invests exclusively in four sectors: technology, services, health and internet/consumers.
The investment follows the sale of the stake of private equity investor Inflexion, which has been a strategic partner of Alcumus since 2015. The transaction represents the largest return and capital gain ever for Inflexion, following its partnership with Alcumus.
During this period, Alcumus has grown organically and through five strategic acquisitions, to become a global technology company with operations on three continents, 750 employees and 45,000 customers, including nearly 50% of the index FTSE 100 and many Fortune 500 companies.
In recognition of the progress made by the company, last year Alcumus was ranked among the Sunday time HSBC International Track 200.
Alyn Franklin, CEO of Alcumus, said, “Our journey with Inflexion has allowed us to grow from a consulting firm to a global leader in technology risk management solutions.
“Apax recognizes the success we have achieved over the past six years and the potential for future growth. With such respected and leading investors, we are excited to continue our ambitious growth journey and global strategic plans with our unique combination of technology and people.
Frank Ehmer, Partner at Apax, added: “EHS services is a sector that Apax knows well having followed the space for several years, and we have long considered Alcumus as a benchmark player in this market. We believe that Alyn, senior management and all of Alcumus’ employees, represent a top-notch team that is poised to continue and accelerate its strong track record.”
Anders Meyerhoff, Apax Partner, said, “We have been incredibly impressed with the high quality business and culture that Alyn and her team have built. We are thrilled to partner with such great people and look forward to continuing to support Alcumus and all employees as they create a safer and more sustainable world.”
Apax was advised by Allen & Overy (legal counsel), Houlihan Lokey (lead financial advisor) and the Boston Consulting Group (business counsel). Alcumus was advised by Eversheds Sutherland (legal advisor) and Harris Williams & Co (financial advisor).