mynth
03/2022

ALCUMUS acquired by APAX PARTNERS

UNITED KINGDOM Software / Industry-Specific Software EV 500M - 1.5b GBP

Context

The acquisition of Alcumus by Apax Partners signifies a pivotal expansion in the group’s technology and services portfolio. The strategic logic of this transaction hinges on a "digitalization-ESG" maneuver, merging the target’s industry-leading technical operational depth in risk management with the acquirer’s global scale and software expertise. This alignment equips the combined organization with the scientific talent and technological hardware necessary to address the increasing complexity of global ESG regulations and worker protection standards. This maneuver allows the organization to execute a definitive structural expansion of its technical suite, particularly in the high-stakes EHS software market. By incorporating the sponsor's strategic discipline and network, the group is now positioned to leverage its recognized leadership in contractor management to drive deeper market penetration across North American and European enterprise sectors.

ALCUMUS, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , a level as high as the average currently observed in the TMT (Tech, Media, Telecom) sector (13.7x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Alcumus is an EHS & Compliance Software company based in the United Kingdom, specializing in the delivery of technology-enabled risk management and worker protection solutions. The organization operates a sophisticated SaaS-led business model designed to help enterprises and contractors anticipate, manage, and mitigate operational risks. Its value proposition centers on ensuring regulatory compliance and international standards through a centralized digital ecosystem that streamlines safety workflows and supplier verification. The entity’s strategy focuses on empowering organizations to create safer and more sustainable workplaces by providing deep technical visibility into their supply chains and internal operations.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (GBP)

Year
Rev
EBITDA
EBIT
2021
2020

Similar deals in Software

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
04/2022SOGELINKLOCATIQSNETHERLANDSEngineering & Design Software
04/2022SOGELINKFOCUS SOFTWARENORWAYEngineering & Design Software
03/2022BPIFRANCE / EURAZEODOCTOLIBFRANCEHealthcare
03/2022ALBAREST / BPIFRANCEMASA GROUPFRANCEDefense & Aerospace
02/2022CLEARLAKE CAPITALQUEST SOFTWAREUNITED STATESData, Analytics & AI
02/2022IK PARTNERSSOFIA DEVELOPPEMENTFRANCEHealthcare
01/2022PSG EQUITYSELLSYFRANCECRM & Sales
12/2021STEMALSOENERGYUNITED STATESData, Analytics & AI
11/2021ADVENT INTERNATIONAL / PERMIRA / CROSSPOINT CAPITAL PARTNERSMCAFEEUNITED STATESSoftware
10/2021PERMIRAMOTUSUNITED STATESERP, HR & Finance

REFERENCES

Valuation range: EV 500M - 1.5b GBP

EBITDA range: 10M - 30M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ALCUMUS by APAX PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: alcumus

Acquirer: apax partners