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03/2022

ALCUMUS acquired by APAX PARTNERS

UNITED KINGDOM Software / Industry-Specific Software EV £500M–1.5bn

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 [members only] in 2021, is valued in this transaction at an EV/EBITDA multiple of Above 20x, representing a premium to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.6x).

-> 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

£500M–1.5bn

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

Above 20x

EV / EBIT

[members only]

Historical Financials (GBP)

Year
Rev
EBITDA
EBIT
2021
[members only]
£10–30M
[members only]
2020
[members only]
£10–30M
[members only]

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REFERENCES

Valuation range: EV £500M–1.5bn

EBITDA range: £10–30M

EV/EBITDA range: Above 20x

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