August Equity is pleased to announce that it has reached agreement to realise its investment in Amtivo Group (“Amtivo”) to funds managed by Charterhouse Capital Partners LLP. Amtivo is a leading provider of accredited certification to companies across 23 countries. Since August formed Amtivo in 2018, the group has grown like-for-like revenues 15% year-on-year and has completed twelve acquisitions. As part of the transaction, August will reinvest alongside management and Charterhouse for a minority stake in the business.
August Partner David Lonsdale commented: “Amtivo is a fantastic business with an exceptional management team. The business is another example of August creating market leading platforms in resilient and fragmented markets which exhibit long term secular growth trends. We look forward to supporting the management team and Charterhouse on the next phase of Amtivo’s exciting growth plan.”
The August team was led by David Lonsdale, Kishan Chotai and Celine Henriksen. The exit represents August’s third exit in 2022 from August Equity Partners IV.
August were advised by Rothschild & Co (Corporate Finance), DLA Piper (Legal), OC&C (Commercial), KPMG (Financial & Tax), PwC (SPA advisory), Crosslake (Tech DD). Management were advised by Liberty Corporate Finance and DLA Piper.