Published October 26th 2023

Michelmores advises Planet Mark on transformative Alcumus transaction

Authors

Richard Cobb

Chris Smedley

Meriam Ahmed

Michelmores is pleased to have advised Planet Mark, a leading sustainability certification and Net Zero pioneer, on its acquisition by Alcumus.

Alcumus is an international organisation, headquartered in Wales and owned by the APAX Group. Alcumus provides organisations of all sizes an integrated approach to managing Health, Safety and ESG across industries, locations, contractor and supplier networks.

For the past decade, Planet Mark has been working with its members (including Michelmores) to enable meaningful change, creating a more sustainable and equitable world. With Alcumus’ experience, resource and technology, the organisation will be able to significantly expand its offering at a key stage in its growth journey.

Planet Mark’s sustainability expertise is set to become an integral part of Alcumus’ comprehensive portfolio, including net zero. This partnership will amplify the impact both organisations can make in driving transformation and sustainability across the businesses they serve.

The cross-sector Michelmores team advising on the deal was led by Senior Partner Richard Cobb, with Senior Associate Chris Smedley and Solicitor Meriam Ahmed, all from the Firm’s Corporate team; with Tax support from Partner Cathy Bryant and Senior Associate Anthony Reeves; Commercial support from Head of the Firm’s Commercial team, Tom Torkar; and Employment support from Partner Rachael Lloyd and Associate Matthew Warren.

Michelmores worked alongside Grant Thornton’s Corporate Finance team to complete the deal.

The transaction is very much in line with Michelmores’ own sustainability ambitions. Sustainable forward-thinking is embedded within our culture at Michelmores and, as a responsible business, we are proud to share, to inspire and to be part of that vision with Planet Mark and its new chapter.

This year, Michelmores has achieved Planet Mark Business certification for a second year running – a recognition of our commitment, and the work we have been doing to reduce our carbon footprint and improve our impact on society.

Lilly Miller, Chief Financial Officer of Planet Mark, commented:

“Through our existing work with Michelmores we knew how seriously they are taking their own sustainability journey, and were delighted with the comprehensive support they gave us not only finding a new home to grow our business with, but also how well they collaborated with the wider advisory team.”

Richard Cobb, Senior Partner and Head of Corporate team, adds:

“This was a really exciting transaction to work on over a number of months. As a firm we have really embraced the work the whole team at Planet Mark do and seeing how the team brought their values, purpose and passion to this corporate opportunity was inspiring. With our own sustainable economy and natural capital focus, we were ideally placed to support the team on this exciting new phase in their growth and, in a small way, contribute to the enormous impact Planet Mark’s work has in the field of carbon reduction globally.”