Debt advisory


Adviser to Sovereign Capital Partners on the debt recapitalisation of Alcumus.

The deal

On behalf of Sovereign Capital Partners, our Corporate Finance team successfully advised on the recapitalisation and debt raise of £34 million for Alcumus Group, the multi-disciplinary provider of compliance and certification services, on the acquisition of Safety Management & Monitoring Services (“SM&MS”). Based in Huddersfield, SM&MS offers a wide range of services to assist clients with their compliance requirements, such as fire safety, asbestos management and health and safety consultancy.

The acquisition of SM&MS further accelerates Alcumus’ penetration of legislatively driven compliance markets, particularly around property & workplace risk. It is Alcumus’ fourth bolt-on acquisition since Sovereign’s investment began in 2009, which, combined with strong organic growth, has resulted in the company increasing revenues by over 4.5 times.

This is the third time that the team has successfully acted for Sovereign and Alcumus raising new debt facilities in support of their buy-and-build strategy. The team’s extensive contacts and in depth knowledge of debt markets were key in securing a competitive and highly flexible debt facility from Alcentra Limited that, in addition to financing the SM&MS acquisition within a very tight timetable, also provided a partial recapitalisation within the overall transaction.

“The team were a genuine business partner in helping us secure the debt facility and associated terms that best suited our business needs.” Ben Stringer, CFO, Alcumus.

“Once again we were extremely pleased with the service and support received from Ian and the team in delivering a strong debt package on very attractive terms. The team delivery was very hands on as usual and of invaluable assistance to ourselves and management in meeting demanding deal deadlines at a busy time for us all. They have delivered a great outcome for the business.” Dyson Bogg, Sovereign Capital.

Deal summary


Business services

Deal type:

Business acquisition

Deal size:

£34 million

The team were a genuine business partner in helping us secure the debt facility and associated terms that best suited our business needs. Ben Stringer Chief Financial Officer at Alcumus Group

Related team

Ian Milne

Ian Milne

  • Partner
  • Debt Advisory
  • London West End, Reading

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