We are pleased to announce that we have reached an agreement with one of the world’s leading investment firms, Charterhouse Capital Partners, who will become our majority shareholder, taking over from August Equity.
August has been an outstanding partner over the last four years, supporting our stellar growth through investments in people, technology, and infrastructure, as well as 14 acquisitions. They remain as excited about our future as they were on day one and will continue to support us as a minority shareholder in the business.
Established in 1934, Charterhouse has an unparalleled track record of enabling businesses like ours to go from strength to strength. They are UK based with a powerful international footprint that matches our ambition to build the premier certification and assurance business in the world. Over the last few months, they have demonstrated real conviction in our plans, so this won’t change the journey we are on, but it will enable us to maintain and accelerate our trajectory in all the key markets globally.
James Cocker, Partner at Charterhouse, said: “Amtivo is one of the most exciting and distinctive businesses in the certification space, and benefits from an attractive market, highly effective operating model and an exceptional management team. We look forward to working with Mike and the team to support Amtivo’s continued growth during the next several years.”
Mike Tims, CEO of Amtivo, commented: “We have been grateful for August Equity’s expertise during our partnership and believe that our work has positioned Amtivo favourably for the next phase of our growth. We look forward to partnering with Charterhouse, whose impressive track record of transforming businesses will be invaluable as we embark on the next stage of Amtivo’s journey.”