Gambit Corporate Finance Acts as Lead Advisor on the sale of Astutis Limited

Astutis, the UK’s leading health, safety and environmental (“HSE”) training provider, has been acquired by Wilmington plc (“Wilmington”) for a total consideration of up to £21.5 million.  Wilmington has acquired Astutis for an initial consideration of £16.8 million, with contingent consideration of up to £4.7 million based on Astutis’ performance in each of the two years ending 30 June 2025 and 30 June 2026.

Established in 2011, Astutis offers training for a range of globally recognised and regulated health, safety and environmental qualifications delivered through long-established partnerships with market leading accreditation bodies NEBOSH, IOSH and IEMA.  Combined with the company’s tech-enabled Learning Management System platform this delivers market leading results for clients and learners.

Astutis sells its courses in more than 130 countries and, to date, over 100,000 HSE professionals have qualified under Astutis’ courses and more than 5,000 organisations have entrusted the company with their staff development.  Steve Terry (Managing Director) and Brenig Moore (Technical Director) will remain with the business.

Wilmington is a multinational provider of data, information, education and training services in the global Governance, Risk and Compliance (“GRC”) markets and is listed on the London Stock Exchange. The acquisition of Astutis strengthens Wilmington’s portfolio of GRC training and education solutions by expanding its capabilities into the health, safety and environmental markets and is part of Wilmington’s strategy to consolidate its presence in the substantial and highly dynamic GRC space.

These markets are underpinned by strong macro drivers, particularly the increasing volume and enforcement of regulation, complex geopolitical landscape, increased importance of ESG and widespread adoption of technological and data-driven compliance solutions.

Gambit Corporate Finance acted as lead advisor to the shareholders of Astutis on initiating, negotiating and structuring the transaction. The Gambit team was led by Geraint Rowe (Partner), Simon Marsden (Director) and William Haggaty (Analyst).

Steve Terry, Founder and Managing Director of Astutis commented:

“I would like to thank the highly experienced team at Gambit for their role in advising, leading and delivering an outstanding outcome for the shareholders which exceeded expectations.  Their deep sector knowledge and understanding of the buyer landscape differentiates their approach and delivered significant competitive tension to the process.

“Gambit were proactive throughout the process, anticipating any potential issues and ensuring these were dealt with to maintain momentum and maximise the outcome for the shareholders.  It has been a pleasure to work closely with the Gambit team over the last few months and I thank them for their exceptional support every step of the way.”

Geraint Rowe, founder shareholder of Astutis and Partner at Gambit, commented:

“We are delighted to have acted for the shareholders of Astutis on this transaction which further evidences Gambit’s strong credentials in the Recruitment and Training sector and supports our position as one of the UK’s leading advisers in the space.

“Over the last 12 years Steve, Brenig and the team have built a best-in-class business which has consistently delivered outstanding, market leading learner outcomes for a diverse range of blue-chip clients and their workforces across the globe. Astutis’ leading position in the HSE training space will provide Wilmington with a substantial platform for further growth and penetration into the buoyant GRC space.”

Simon Marsden, Director at Gambit, commented:

“This successful outcome is testament to Gambit’s deep sector knowledge, understanding of the buyer landscape and our track record in delivering M&A advisory services which exceed shareholder expectations. We are seeing particularly strong appetite for high quality assets in the Education and Training space and expect to see further consolidation in the sector.  We are already working with a number of other clients to help them achieve their strategic objectives, which augurs well for the continued growth of our credentials in the sector.”

Acuity Law provided legal advice to the shareholders and Osborne Clarke provided legal advice to Wilmington.

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