UK buyout firm Lyceum Capital’s portfolio company National Britannia Group, a UK risk management consultant specialised in safety, health and the environment, has bought rival company Corporate Health & Safety Solutions for an undisclosed sum.
CHSS, which trains over 22,000 people per year for blue-chip companies, is National Britannia Group’s largest acquisition to date and the deal is expected to take the group’s turnover, to over £50 million and the number of employees to around 780.
This is the eighth acquisition for the company, whose previous deals have included construction industry consultant SafetyWorks and occupational health adviser Occhea. The buyout firm said in a statement it wants to carry on making acquisitions for the company.
Lyceum Capital bought National Britannia Group in March 2005 for an undisclosed sum. Its clients include the UK government’s Health and Safety Executive, Barclays Bank, Carillion, many of the UK’s major food retailers and manufacturers and numerous large financial institutions.
A spokesperson for the buyout firm said: “The company is a bolt-on acquisition with a market share in areas National Britannia Group wanted to strengthen. The sector is hot and it is likely the Cadbury’s court case in the next few weeks will thrust it further into the limelight.”
The UK chocolate manufacturer pleaded guilty to three offences under food and hygiene laws last month after a salmonella scare last year led to a recall of one million chocolate bars. It awaits sentencing in Birmingham Crown Court this month.
The UK health and safety consultancy market currently has sales of over £700 million, but it is expected to grow to nearly £1 billion by 2010 because of complex and increasing regulation as well as companies’ worries about reputation damage.