Inflexion acquires Alcumus for £92m
Inflexion has purchased risk management business Alcumus Group for ТЃ92m from previous backer Sovereign Capital.
Following the deal, Inflexion will support Alcumus's development through both organic growth and selected acquisitions.
According to Inflexion, the compliance market remains highly fragmented, allowing for consolidation opportunities. Furthermore, this market is set to grow due to continuous regulatory developments and increasing expenditure on compliance measures.
Previous funding
Sovereign acquired Sypol – a provider of health, safety and environmental risk management services – in August 2009, investing €23m, according to unquote" data. One year later, the GP supported the company's acquisition of Info Exchange, a provider of compliance information management solutions, to form the Alcumus Group.
In October 2010, Alcumus purchased Manchester-based Isoqar, a UK-based certification body. In September 2011, Sovereign then supported Alcumus's acquisition of Bradford-based Drury PSM, an outsourcing business focused on HR, employment law and health and safety.
In January of this year, Alcumus acquired Safety Management & Monitoring Services (SM&MS), a provider of health and safety and environmental services.
Company
Alcumus provides outsourced risk management services to support companies in their compliance with UK regulations and international standards. It counts 8,000 clients, of which 35% hail from the FTSE 100.
Following Alcumus's acquisition of SM&MS, the company employed 260 people.
People
Simon Turner is managing partner at Inflexion, with the deal being led by Mark Williams, Flor Kassai and Richard Swan. Martin Smith is CEO of Alcumus.
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