Sovereign successfully exits its investment in UK market-leader Alcumus for £92m

Sovereign Capital, the UK private equity Buy & Build specialist, today announces the realisation of its investment in Alcumus, the UK market-leading provider of technology-enabled compliance risk management and certification services. The transaction represents a return of 4.4x money invested.

Sovereign originally created Alcumus through its platform investment in Sypol, the specialist COSHH and health, safety and environmental risk management services provider, in 2009. With Sovereign’s backing, Alcumus has integrated four bolt-on acquisitions, successfully packaged the breadth of their combined services and has delivered 15 quarters of unbroken organic growth. Today Alcumus operates throughout the UK and via a global network, combining innovative technology with expert advice to support clients to manage their exposure to risk, comply with the latest legislation, improve business performance and encourage workforce engagement. The business has grown its client base from 600 to over 8000 customers and works with 35% of FTSE 100 companies.

Dyson Bogg, Director, Sovereign Capital Partners, said: "This is a great business with a strong demand for its technology-enabled services. This transaction also reflects Sovereign’s commitment to buy and build in the business support services sector where we continue to work with companies to deliver growth whether organically or through strategic acquisition. We are delighted to have partnered such a first class management team to build this business and wish them every success going forward."

Martin Smith, Chief Executive, Alcumus, said: "This has been a fantastic opportunity to build a group that has so successfully penetrated the risk management compliance and certification markets. Sovereign has provided both significant investment and strategic support enabling Alcumus to successfully integrate and develop our technology-enabled service offering and provide clients with a truly holistic solution. This remains an exciting market and I look forward to continuing to develop the business."