3i exits Control Risks as NVM invests

NVM Private Equity has acquired a minority stake in Control Risks Group, committing £6 million for the risk consultancy to expand headcount.

Existing investor 3i will exit its stake in Control Risks in full following the completion of the deal. NVM’s managed fund Northern Investors invested £3.7 million and the balance came from the Northern VCTs. A syndicate of co-investors funded the rest of the transaction.

Control Risks, which has 34 offices on five continents, had revenues of £137 million for the year ending March 2010. The company provides services addressing political risk, business intelligence, corporate and personal security and crisis response.

Richard Fenning, chief executive of Control Risks, comments, ‘This [investment] enables us to recruit high quality people who are committed to delivering the best possible solutions to their clients.’

NVm partner Dominic Ely, who will join the business’s board, adds, ‘Our investment will enable the management team to continue driving the strong growth of the business as an independent company. Recent events across North Africa and the Middle East are a timely reminder of the challenges and risks that international organisations face and the need for trusted solutions to those problems.’

See also: Turnaround focus at NVM – NVM Private Equity has launched a new arm, Evolve Investments, to invest in ‘UK businesses suffering reduced profitability post-downturn’.

Todd Cardy

Todd Cardy

Todd was Editor of GrowthBusiness.co.uk between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital.

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