NVM exits Control Risks

The deal saw all non-management shareholders exit the company.

NVM led a syndicate of investors to acquire a significant minority stake in Control Risks from previous backer 3i in March 2011. NVM invested £6m, its listed vehicle Northern Investors Company contributed £3.7m, with the balance drawn from NVM's Northern VCTs. Private investors contributed an undisclosed amount.

3i previously held a 17% stake in the company.

Company
Established in 1975, Control Risks works with companies to help them understand the risks and opportunities of operating in complex or hostile environments. It advises on political risk, business intelligence, corporate and personal security, and crisis response.

Clients include corporates, governments and non-governmental organisations.

The busines operates from 36 offices globally. For 2015, the business generated revenues of £184m and trading profit of £23.6m.

People
NVM Private Equity – Tim Levett (chair).
Control Risks Group – Gary Carpenter (CFO).

Advisers
Vendor – Bond Dickinson, Jamies Pass (legal).
Company – Noble Grossart, Guy Stenhouse (financial due diligence); PwC, Steve Gilder (tax); Norton Rose Fulbright, Simon Cox (legal).

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• Exits
• UK / Ireland
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• NVM Private Equity