Alcumus Acquisition, Valuation, Funding & Investors

Alcumus was acquired by Apax Partners for $813M in February 2022, a 10.8x multiple on $76M of revenue.

Alcumus acquisition price

$813M

Acquired by Apax Partners · Feb 2022

Alcumus revenue at acquisition

$76M

Last twelve months · Feb 2022

Alcumus revenue multiple at acquisition

10.8x

EV/Revenue · Feb 2022

Alcumus EBITDA multiple at acquisition

20.0x

EV/EBITDA · Feb 2022

Alcumus Overview

About Alcumus

Alcumus is a UK-based provider of technology-enabled compliance, risk management, and certification services, serving thousands of clients including more than a third of the FTSE 100. Its software and advisory services help organizations manage health, safety, and ESG obligations across accreditation, contractor management, and environmental compliance. The company has grown internationally through acquisitions in Canada, the United States, and elsewhere in Europe, including Cognibox, Simple Compliance, Santia, and Banyard Solutions.


Founded

2009

HQ

United KingdomUnited Kingdom

Status

Acquired

Customer focus

B2B

Revenue model

Subscription, Services

Revenue

$76M (Feb 2022)

Valuation

$813M (acquired Feb 2022)

Alcumus Acquisition

Alcumus was acquired by Apax Partners for $813M on 11 February 2022.

The acquisition price implies a 10.8x revenue and 20.0x EBITDA multiple on $76M of revenue.

Alcumus acquisition details
AcquirerDateTypePriceEV/RevenueEV/EBITDA
  • Apax Partners
11 Feb 2022PE buyout$813M10.8x20.0x

Alcumus Funding History

Alcumus has raised 1 funding round.

Alcumus funding rounds
DateStageInvestorsDeal Summary
May 2022Undisclosed stageInflexion (lead)Inflexion made a Partnership Capital minority re-investment into Alcumus in May 2022, three months after selling its majority stake to Apax Partners. Inflexion had owned Alcumus from late 2015 and wanted to continue supporting the risk management software business as it scaled in the UK and North America. The minority investment came from Partnership Capital II.

Who has invested in Alcumus?

1 investor has backed Alcumus across its funding rounds, including Inflexion.

Lead investors include Inflexion.


Alcumus Investors

Investors in Alcumus by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Alcumus

Alcumus has acquired 7 companies to date.

Last acquisition by Alcumus was on June 30th 2022. Alcumus acquired Cognibox for undisclosed valuation.


Latest Acquisitions by Alcumus

Cognibox
Simple Compliance
Banyard Solutions
Contractorcheck
Description
Cognibox is a SaaS platform for supplier and contractor qualification management used by construction and energy firms worldwide. Norway-headquartered, it handles the full lifecycle from supplier search, pre-qualification, evaluation, verification, monitoring, to ongoing compliance checks. The secure online system grants managers real-time access to subcontractor data, meeting stringent security standards for industries like oil and gas.
Simple Compliance is a Manchester-based online platform that automates health, safety, and property compliance for UK businesses. It tracks regulatory requirements, schedules inspections, and generates audit-ready reports for landlords and facilities managers. Integrated with government databases, the system covers fire safety, gas certifications, and legionella testing. Over 10,000 properties utilize Simple Compliance to avoid fines and ensure tenant safety across England and Wales.
Banyard Solutions is a UK-based environmental services firm that sustains natural habitats through specialized waste management and recycling processes. Operating from England, the company handles construction site decontamination, soil remediation, and materials recovery for construction and demolition projects. Banyard Solutions supports infrastructure developments by processing aggregates, concrete, and green waste to minimize landfill use and promote resource reuse across regional operations.
Contractorcheck is a health and safety compliance service for contractors in Canada. Toronto-headquartered, it assesses and accredits firms to legislative standards, providing management tools for clients to track compliance and mitigate risks nationwide.
HQ CountryCanadaUnited KingdomUnited KingdomCanada
HQ City
Trois-Rivières
Leeds
Southampton
Toronto
Deal Date30 Jun 202214 Sep 202130 Jun 202029 Jun 2020
Valuationundisclosedundisclosedundisclosed$18M
EV/Revenue
EV/EBITDA

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Investments by Alcumus

Alcumus has invested in 1 company to date.

Latest investment by Alcumus was on August 2nd 2019. Alcumus invested in eCompliance in their $30M Strategic investment round.


Latest Investments by Alcumus

eCompliance
Description
eCompliance is a Calgary-headquartered software provider for environmental health and safety management. The mobile-first platform connects field workers with office teams in construction, energy, utilities, and manufacturing industries. Features include orientation tracking, incident reporting, audits, and equipment inspections, serving clients like PCL Construction and TC Energy across North America.
HQ CountryCanada
HQ City
Toronto
Deal Date2 Aug 2019
RoundStrategic investment
Raised$30M
Investors-
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Alcumus Competitors

Alcumus competitors include listed companies like Verisk Analytics, Clarivate and Happiest Minds Technologies, and private ones like Cardinal Operations, EcoVadis and Pigment.

Public and private companies comparable to Alcumus
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Verisk AnalyticsUnited StatesUnited StatesPublicly listed$3.1B$1.7B$23B8.5x
Cardinal OperationsChinaBeijingPrivate--$726M-
EcoVadisFranceParisPrivate$115M-$1B8.7x
PigmentFranceParisPrivate$100M-$1B10.0x
ClarivateUnited KingdomUnited KingdomPublicly listed$2.5B$829M$1.2B2.2x
Happiest Minds TechnologiesIndiaIndiaPublicly listed$241M$43M$514M1.9x

Alcumus Public Comps

Alcumus is no longer listed, but its public comps include Lincoln International, OceanPact, MBB, Vector, Charles River Associates, Roma Green Finance, Alexforbes, Mastek, Bouvet and Happiest Minds Technologies.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Lincoln International$854M$53M1.1x-16.9x-
OceanPact$415M$140M3.1x2.0x9.1x5.5x
MBB$1.3B$239M0.5x0.5x3.0x2.7x
Vector$410M$67M1.3x1.2x7.9x7.5x
Charles River Associates$752M$111M1.8x1.7x11.9x13.4x
Roma Green Finance$1M($4M)454.5x-(145.4x)-
Alexforbes$386M$79M----
Mastek$385M$63M1.2x1.2x7.6x7.4x

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Common questions about Alcumus

When was Alcumus founded?Alcumus was founded in 2009.
Where is Alcumus headquartered?Alcumus is headquartered in United Kingdom.
Is Alcumus publicly listed?No, Alcumus was acquired by Apax Partners in February 2022.
Who acquired Alcumus?Alcumus was acquired by Apax Partners in February 2022.
How much was Alcumus acquired for?Alcumus was acquired for $813M in February 2022, a 10.8x revenue multiple.
What was Alcumus' last funding round?Alcumus' last funding round was a undisclosed-stage round in May 2022, led by Inflexion.
Who are Alcumus' investors?Alcumus' investors include Inflexion.
Which companies are comparable to Alcumus?Companies comparable to Alcumus include Verisk Analytics, Cardinal Operations, EcoVadis, Pigment, Clarivate and Happiest Minds Technologies.
How many companies has Alcumus acquired?Alcumus has acquired 7 companies, including Cognibox, Simple Compliance, Banyard Solutions, Contractorcheck and Santia Consulting.
What was the largest acquisition by Alcumus?The $71M acquisition of Santia in December 2015 is the largest acquisition Alcumus has made to date.
How many companies has Alcumus invested in?Alcumus has invested in 1 company, including eCompliance.
What was Alcumus' last investment?In August 2019, Alcumus invested in eCompliance's $30M strategic investment round.

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