Inflexion announces agreement to sell Alcumus for over £600m
The Quinn Partnership have provided strategic Executive Assessment and Selection support and advised on Management Due Diligence for acquisitions made throughout the investment.
Inflexion has announced that it has agreed to sell its investment in market leading technology-led risk management and compliance solutions business, Alcumus, to funds advised by Apax Partners LLP. The Quinn Partnership have supported Alcumus during the lifecycle of the investment, with its Management Due Diligence services for the business’ pivotal acquisition of Santia and Canadian based eCompliance. We have advised on key strategic appointments to the Senior Leadership Team, conducting informed and objective assessment, interviewing and benchmarking exercises and analysis to support the business with important recruitment decisions.
The transaction values Alcumus at over £600m, generates a return of 5.9x and represents the largest ever cash return for Inflexion following a six-year partnership which saw significant M&A and international expansion.
The announcement follows a record year of divestments by Inflexion in 2021 which included the successful sales of Halo, Medivet, Reed & Mackay and Kynetec.
Inflexion backed Cardiff-based Alcumus in late 2015 and within nine weeks completed the £47 million transformational acquisition of Santia, which significantly broadened Alcumus’ footprint in the accreditation sector. Subsequent strategic acquisitions in Canada, New Zealand and the UK enhanced Alcumus’ offering and international presence further.
These acquisitions were complemented by strong organic growth and a focus on enhancing the digital offering, which together transformed the business into a global software-based risk management solutions provider. Inflexion supported the management team to build a scalable platform providing a unified solution to its customers, improve the value proposition, and strengthen the company’s ESG offering.
“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.”
Simon Turner, Managing Partner, Inflexion
“Our work together with Inflexion exceeded our already high expectations. Their expertise in M&A and international expansion together with their technology know how made a transformational difference to our business. I am extremely proud of what the team have achieved and know we remain well supported for future growth.”
Alyn Franklin, CEO, Alcumus
“We have worked with Alyn and his team since he joined Alcumus through the acquisition of Santia. It has been a privilege to support and advise him as he has built and shaped his impressive management team through both executive selection and in merger and acquisition.”
Mike Stiles, Director and lead consultant from The Quinn Partnership
If you would like further information regarding our Executive Assessment and Selection and Management Due Diligence services, please contact us.
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