Inflexion-backed Alcumus acquires Banyard and ContractorCheck

Inflexion purchased Alcumus for £92m from previous backer Sovereign Capital in 2015, drawing equity from Inflexion Buyout Fund IV, which closed on £650m in 2014.

During Inflexion’s holding period, Alcumus has acquired UK-based Santia, nine weeks after Inflexion’s original investment. More recently, Inflexion has supported Alcumus’ expansion into North America with the acquisition of Canada-based eCompliance in 2019.

The management teams of Banyard and ContractorCheck have not retained stakes in the companies.

The deals are intended to achieve organic growth and expansion both in the UK and internationally for the portfolio company as well as expansion in its product range.

Company
Southampton-based Banyard Solutions is a web-based permit-to-work software system, serving more than 60 companies in the UK, according to a statement. The company was founded in 2003.

Based in Toronto and founded in 2011, ContractorCheck is a company providing health and safety pre-qualification and contractor management tools, working with companies across Canada to maintain compliance and reduce risk.

People
Alcumus - Alyn Franklin (CEO).

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