Alcumus Receives Investment From Apax Partners, Puts Alcumus at £600 Million + Valuation
A Brief Summary
Alcumus, UK-based health, safety and ESG risk management provider, announced that it received an investment worth £600 million from Apax Partners for a major stake in its operations.
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Alcumus, founded in 1979, offers expertise, product and services which help organizations improve safety and sustainability, manage and mitigate risks etc. Today, the company has over 700 employees and 45,000 customers, with offices in the UK, North America and APAC.
The Apax investment comes after Inflexion, a private equity firm, sold a share in the company. Inflexion funded Alcumus' £92 million takeover in October 2015, as well as the company's £47 million acquisition of Santia, a supplier of integrated health and safety and environmental risk management services. The transaction represents Inflexion's largest-ever cash return, according to the company.
Alyn Franklin, CEO at Alcumus, said: “Our journey with Inflexion has seen us transform from a consultancy business to a global leader in technology risk management solutions. Apax recognizes the success we have achieved in the last six years and the growth potential ahead. With such respected and high-profile investors, we are excited to continue our ambitious growth journey and global strategic plans with our unique combination of technology and people.”
Simon Turner, Managing Partner, Inflexion, said: “Alcumus’ stellar growth is a testament to what can be achieved when a great business is led by a management team as capable as it is ambitious. It was a privilege to support their journey of international growth and transition to SaaS, and we are confident they have further to go given their strong product offering in a fast-growing, international market.”