IRM has been sold to Altran

Lincoln International (“Lincoln”), a leading global mid-market investment bank, is delighted to have represented the shareholders of Information Risk Management Limited (“IRM”) in its sale to Altran Technologies SA (“Altran”).

IRM is an award-winning, technology-enabled information security firm providing cyber risk identification, management and mitigation solutions, co-founded by majority shareholders Charles White and David Cazalet in 1998. The Company provides a unique end-to-end and highly valued solution comprising consultancy, software and professional education from its headquarters in Cheltenham, U.K. Serving high-profile clients across government and commercial end markets, IRM holds all the key U.K. industry accreditations and certifications.

Altran will enable IRM to accelerate its growth and keep up with ever-increasing demand for cyber risk management solutions in the commercial and government sectors, particularly in light of increasing regulations such as EU GDPR. IRM’s high-quality management team, with over 100 years of combined industry experience, is excited about the next phase of the Company’s development.

Lincoln acted as the exclusive financial advisor to the shareholders of IRM, working closely with the shareholders and the rest of the management team. Lincoln provided guidance on strategic options, prepared the marketing materials and approached a targeted list of potential trade purchasers before managing a competitive auction process and negotiating final price and terms. Given IRM’s appeal to multiple potential acquirer categories, Lincoln was able to utilize its expertise across several sector teams, notably its Aerospace & Defense, Business Services and TMT practices.

Charles White, Co-Founder of IRM, said, “We have worked extensively with Lincoln throughout this process and as a result have found our perfect partner — Altran. My sincere thanks go to the Lincoln team who expertly guided us through a complex but relatively stress-free process.”

Teresa Clegg, Managing Director for European Aerospace & Defense at Lincoln, commented, “The combination of IRM’s industry-leading consulting practice and highly market-relevant growing software platform represents an exciting proposition for the Company and its new owner.”

Edward Lethbridge, U.K. Head of Business Services at Lincoln, commented, “Such is the strategic value of cybersecurity expertise in today’s market: IRM attracted an extraordinary level of trade buyer interest from across the world, with the final price and terms fairly reflecting the quality and scarcity of the business.”

IRM has been sold to Altran
  • 2017
    Close Year
  • Business Services | Aerospace & Defense | Industrials | Technology, Media & Telecom
    Industry
  • Private
    Client Type
  • Strategic | Cross-border
    Transaction Type
  • France | United Kingdom
    Countries

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