YFM invests £3m in Arcus

Nicole Tovstiga
23 May 2018

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YFM Equity Partners has invested ТЃ3m in Cambridge-based Arcus, a provider of cloud-based software services to local and national public sector organisations.

YFM's investment will be deployed from its two advised VCTs – British Smaller Companies VCT and British Smaller Companies VCT2.

With the fresh capital, Arcus plans on expanding its range of software services to help the public sector to increase its use of digital technologies and transform services.

Company
Founded in 2009 and headquartered in Cambridge, Arcus provides cloud-based software services to local and national public sector organisations.

It has developed a proprietary software-as-a-service platform that enables local authorities and other public sector organisations to transform end-to-end service delivery in areas such as digital transactions, planning, building control, regulatory services and waste management.

Clients includes 30 local authorities in the UK, including Eastleigh Borough Council, Mid-Sussex District Council and Aylesbury Vale District Council. Arcus employs a staff of 100 and projects revenues of £13m for 2018.

People
YFM Equity Partners – Charlie Robinson, Andy Thomas (investment directors).
Arcus – Denis Kaminskiy (CEO); Lars Malmqvist (CTO).

Advisers
Company – RPL Mergers, Marc Shaw (financial due diligence); Mishcon de Reya, Allison Keyse (legal).
Equity – Gateley, Chris Reed (legal); Armstrong TS, Matt McNally (commercial due diligence); Stratton HR, Anna Cornwallis (HR due diligence).