• Home
  •  
    Regions
    • Europe
    • UK & Ireland
    • DACH
    • Nordic
    • France
    • Southern Europe
    • Benelux
    • CEE
    • Asia
  •  
    Deals
    • Buyouts
    • Venture
    • Exits
    • Refinancings
    • Build-up
    • Turnaround
    • Secondaries
    • Advanced deals search
  •  
    Funds
    • Buyout
    • Venture
    • Mezzanine
    • Debt
    • Funds-of-funds
    • Secondaries
    • Fundraising pipelines
    • Advanced funds search
  •  
    GPs & LPs
    • GP profiles
    • LP profiles
    • GP news
    • LP news
    • Sponsors search
    • LPs search
  •  
    Secondaries
    • Deals
    • Funds
    • News
    • Analysis
  •  
    People
    • People moves
    • Analysis
    • In Profile
    • Q&A
    • Videos
    • Comment
  •  
    Analysis
    • In Profile
    • Fundraising
    • Q&A
    • Comment
    • Videos
    • Podcast
    • Reports
    • Data Snapshots
  •  
    Unquote Data
    • Deals search
    • Exits search
    • Funds search
    • Sponsors search
    • Advisers search
    • LPs search
    • League tables
    • Reports
  • Sign in
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)203 741 1137

      Email: Georgina.Lawson@acuris.com

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
  • Free Trial
  • Subscribe
Unquote
Unquote
  • Home
  • Regions
  • Deals
  • Funds
  • GPs & LPs
  • Secondaries
  • People
  • Analysis
  • Unquote Data
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)203 741 1137

    Email: Georgina.Lawson@acuris.com

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
Unquote
  • Exits

August reaps 8x money on Amtivo exit to Charterhouse

  • Min Ho
  • 05 July 2022
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  

August Equity has sold Amtivo, a provider of accredited certification to companies across 23 countries, to Charterhouse Capital Partners.

The deal generates a 8x money multiple for August, according to a source close to the situation.

August will reinvest alongside management and Charterhouse for a minority stake in the business, according to a statement.

Amtivo

  • DEAL:

    Exit

  • LOCATION:

    London

  • SECTOR:

    Business Support Services

  • FOUNDED:

    2017

  • TURNOVER:

    c GBP 40 million

  • EBITDA:

    c GBP 10 million

The UK-focused GP acquired a majority stake in the business in 2019 via August Equity Partners IV, which raised GBP 224m in 2017. The vehicle primarily invests in UK lower-mid cap businesses in technology, business services and healthcare, according to Unquote data.

August created Amtivo in 2018 following its acquisition of the British Assessment Bureau. Under the UK private equity house’s ownership, Amtivo executed 12 bolt-on acquisitions, including Certification Europe, Ocean Certification and most recently, QA International Certification.

British Assessment Bureau generated GBP 5m in revenue at the point of acquisition and have grown like-for-like revenues 15% year-on-year, the source said, adding that the company now generates around GBP 40m in revenues.

August mandated Rothschild earlier this year to conduct the sale of Amtivo, marketing the company off GBP 10m EBITDA, as reported by Mergermarket. 

Under the new shareholder structure, Amtivo is expected to continue pursuing acquisitions that will help build out its geographical presence in Europe, US and Far East, with an objective of tripling the profitability level of the next three to four years, the source said.

August declined to comment.

Company
Founded in 2017 and headquartered in London, Amtivo provides accredited certification, training and technology-enabled services, specialising in management system certification.

People
Charterhouse Capital – James Cocker (partner).
August Partner – David Lonsdale (partner), Kishan Chotai (director), Celine Henriksen (executive).
Amtivo - Mike Tims (CEO).

Advisors
Vendor – Rothschild & Co (corporate finance), DLA Piper (legal), OC&C (commercial), KPMG (financial and tax), PwC (SPA advisory), Crosslake (tech due diligence).
Management – Liberty Corporate Finance (corporate finance), DLA Piper (legal).

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Exits
  • Buyouts
  • UK / Ireland
  • Support services
  • August Equity LLP
  • Charterhouse Capital Partners
  • United Kingdom

More on Exits

Public sector software
Partners Group to release IMs for Civica sale in mid-September

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

  • Exits
  • 04 September 2023
Lender taking the keys from a sponsor
Ares Management handed keys to two-thirds of UK sponsor’s portfolio

Lender provided GBP 500m for three of the GP's deals between 2016 and 2019, Debtwire reported

  • Financing
  • 30 August 2023
Luggage and airport services
Actera Group explores strategic options for Celebi Ground Handling

Several investors placed bids for the company in 2022 but mismatch in pricing didn't lead to a deal

  • Exits
  • 30 August 2023
HR software solutions providers
Main Capital’s Assessio to be sold to Pollen Street

Recruitment software company tripled in revenue under Main Capital’s ownership

  • Buyouts
  • 25 August 2023

Latest News

Fund closes in US dollars
  • Funds
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote

  • 05 September 2023
Clinical trials and biotechnology
  • Buyouts
Permira to take Ergomed private for GBP 703m

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

  • 04 September 2023
Public sector software
  • Exits
Partners Group to release IMs for Civica sale in mid-September

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

  • 04 September 2023
EMEA Public to Private M&A
  • Investments
Change of mind: Sponsors take to de-listing their own assets

EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater

  • 04 September 2023
Back to Top
  • About Unquote
  • Advertise
  • Contacts
  • About Acuris
  • Terms of Use
  • Privacy Policy
  • Group Disclaimer
  • Twitter
  • LinkedIn

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013