Our Corporate Finance team has successfully led the recapitalisation of the Alcumus Group on behalf of Sovereign Capital Partners in a deal involving the arranging and structuring of new debt facilities of £9 million.
Based in Aylesbury, the Alcumus Group is an investment vehicle backed by Sovereign Capital that operates in the risk management, compliance and certification sectors and consists of three companies all of which have been acquired by Alcumus since 2009. Alcumus is the UK market leader in the provision of occupational hygiene consultancy and one of a limited number of UKAS accredited audit and certification businesses in addition to providing web-based information management solutions for health and safety, compliance, audit and inspection. Alcumus provides its broad and multidisciplinary range of services to more than 4,500 customers.
Having been approached by Sovereign Capital to provide debt advisory services for the re-capitalisation, working closely with the Alcumus management team, we conducted an extensive business analysis, planning and presentation exercise generating considerable interest from a number of leading debt providers in a competitive process. Strong project management allied to a detailed and intimate understanding of debt markets and credit appetite enabled us to move at speed and conclude the deal in less than three months.
“We intentionally set a very tight time-line to re-finance the business and introduce some bank debt in to our balance sheet. The team reacted with great speed and agility, and played a crucial role in guiding and assisting the management team through all of the key project milestones. Our re-capitalisation was delivered on time, despite the Christmas period, and the terms achieved more than met our expectations. All in all, a great job.” Anthony Livingstone, Group Finance Director of the Alcumus Group.
“We were extremely pleased with the service received in delivering a very competitive debt package within a demanding timescale. Key to this was the team’s deep knowledge of the current debt markets and their ability to present information to the banks in a way which met their requirements from the outset.” Phil Hinson, director at Sovereign Capital Partners.
We intentionally set a very tight time-line to re-finance the business and introduce some bank debt in to our balance sheet.Anthony Livingstone Group Finance Director at Alcumus Group