DEALS: Alcumus

Alcumus logo


  • Sector: Business Services
  • Deal type: Debt Advisory, Recapitalisation
  • Deal size: £34m
  • Year: 2014
  • Lead partner: Ian Milne


Ian Milne James Mines

Spectrum advises Sovereign Capital and Alcumus Group on the acquisition of Safety Management & Monitoring Services

On behalf of Sovereign Capital Partners, Spectrum Corporate Finance successfully advised on the re-capitalisation and debt raise of £34m 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 Spectrum has successfully acted for Sovereign and Alcumus raising new debt facilities in support of their buy-and-build strategy. Spectrum’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.

‘’Spectrum 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 at Spectrum in delivering a strong debt package on very attractive terms. Spectrum 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