M&A Deal Summary

Apax and Inflexion Acquire Alcumus

On February 11, 2022, private equity firms Apax and Inflexion acquired business services company Alcumus from Inflexion

Acquisition Highlights
  • This is Apax’s 12th and Inflexion’s 15th transaction in the Business Services sector.
  • This is Apax’s 31st and Inflexion’s 91st transaction in the United Kingdom.

M&A Deal Summary

Date 2022-02-11
Target Alcumus
Sector Business Services
Buyer(s) Apax
Inflexion
Sellers(s) Inflexion
Deal Type Secondary Buyout
Advisor(s) Harris Williams (Financial)
Eversheds LLP (Legal)

Target

Alcumus

Cardiff, United Kingdom
Alcumus is a provider of technology-led supply chain management and EHS risk management solutions, providing an ecosystem of solutions that allow seamless interactions between enterprises and their contractors and suppliers. Alcumus was founded in 1979 and is based in Cardiff, United Kingdom.

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Buyer(S) 2

Buyer

Apax

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 248 of 266
Sector: Business Services M&A 12 of 17
Type: Secondary Buyout M&A Deals 62 of 67
Country: United Kingdom M&A 31 of 36
Year: 2022 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-11 Ole Smoky Moonshine

Gatlinburg, Tennessee, United States

Ole Smoky Moonshine is a distiller of premium moonshine in the United States and the first federally licensed distillery in the history of East Tennessee. Its line of authentic products is available at retail and on-premise in 49 states and Canada. Ole Smoky Moonshine is based in Gatlinburg, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-05 Attenti

Tel Aviv, Israel

Attenti is a global provider of electronic monitoring technologies, serving hundreds of national, federal, state, and local correctional and law enforcement agencies around the world. The business offers a differentiated full range of Global Positioning Systems (GPS), Radio Frequency (RF), alcohol verification monitoring, and tracking solutions, supported by an integrated software monitoring platform. Over the past 20 years, Attenti has developed a reputation for providing reliable, innovative, and scalable electronic people-monitoring solutions to correctional and law enforcement agencies in 34 countries. Attenti was formed in 2017 and is based in Tel Aviv, Israel.

Sell -
Buyer

Inflexion

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Inflexion is a private equity firm that specializes in investments in UK-based founder and family-owned businesses. Broad areas of interest include consumer products/services, business services, healthcare, industrials, technology, and financial services. The Firm's target investment size is £10 to £500 million. Inflexion was formed in 1999 and is based in London.


DEAL STATS #
Overall 100 of 124
Sector: Business Services M&A 15 of 21
Type: Secondary Buyout M&A Deals 21 of 25
Country: United Kingdom M&A 91 of 105
Year: 2022 M&A 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 enviolo

Amsterdam, Netherlands

enviolo designs and manufactures transmission systems for high-quality e-bikes mainly for the European and North American markets. The company’s proprietary technology enables cyclists to intuitively adjust the gear ratio, making riding safer and more enjoyable. enviolo has grown rapidly as the market for e-bikes has developed strongly in the past few years. The business benefits from an innovative, IP-rich product portfolio that it provides to leading global and regional bike brands. enviolo was formed in 2006 and is based in Amsterdam, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 Succession

Birmingham, United Kingdom

Succession is an independent wealth management business that provides wealth management and financial planning services to individual and corporate clients. The company also operates its own open-architecture platform, allowing a fully integrated wealth management process. Succession was founded in 2009 and is based in Birmingham, United Kingdom.

Sell £385M

Seller(S) 1

SELLER

Inflexion

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Inflexion is a private equity firm that specializes in investments in UK-based founder and family-owned businesses. Broad areas of interest include consumer products/services, business services, healthcare, industrials, technology, and financial services. The Firm's target investment size is £10 to £500 million. Inflexion was formed in 1999 and is based in London.


DEAL STATS #
Overall 42 of 63
Sector: Business Services M&A 4 of 6
Type: Secondary Buyout M&A Deals 19 of 23
Country: United Kingdom M&A 41 of 62
Year: 2022 M&A 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 enviolo

Amsterdam, Netherlands

enviolo designs and manufactures transmission systems for high-quality e-bikes mainly for the European and North American markets. The company’s proprietary technology enables cyclists to intuitively adjust the gear ratio, making riding safer and more enjoyable. enviolo has grown rapidly as the market for e-bikes has developed strongly in the past few years. The business benefits from an innovative, IP-rich product portfolio that it provides to leading global and regional bike brands. enviolo was formed in 2006 and is based in Amsterdam, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 Succession

Birmingham, United Kingdom

Succession is an independent wealth management business that provides wealth management and financial planning services to individual and corporate clients. The company also operates its own open-architecture platform, allowing a fully integrated wealth management process. Succession was founded in 2009 and is based in Birmingham, United Kingdom.

Sell £385M