17 March 2011

Press Release: NVM Private Equity supports Control Risks’ independent growth


Withers LLP acted for Control Risks Group Limited on the sale by 3i of its interest and the acquisition by NVM Private Equity of a significant minority stake. Please see below the press release issued:

NVM Private Equity Limited (NVM) has acquired a significant minority stake in Control Risks Group Holdings Limited (Control Risks). NVM arranged and led a syndicate of investors to purchase the stake from existing investor 3i, which has exited in full.

Control Risks is a specialist risk consultancy with 34 offices on 5 continents, enabling its clients to operate in a range of hostile or complex business environments. Control Risks was established as a subsidiary of the insurance broker Hogg Robinson in 1975 and gained its independence through a management buy out in 1982. Increasing globalisation and complexity is driving the demand for advice and practical assistance in difficult business environments. The company offers a range of services addressing political risk, business intelligence, corporate and personal security and crisis response. Control Risks has an outstanding client list including many of the world's leading corporations, governments and non governmental organisations.

“Independent advice is the cornerstone of our business, which is still predominantly owned by its employees”, says Richard Fenning, CEO of Control Risks. “This enables us to recruit high quality people that are committed to delivering the best possible solutions to their clients. NVM was able to demonstrate a successful, long term, supportive and flexible approach to investment which closely matched the Board's aspirations. We are very much looking forward to working with them.”

Control Risks was advised by Noble Grossart Limited (Colin Grier and Guy Stenhouse) and Withers LLP (Tim Taylor and Mark Lynch). 3i was advised by RSM Tenon Limited (Philip Marsden and Jim Clark) and Addleshaw Goddard LLP (Mike Hinchliffe and Marc Field).

On behalf of NVM, PriceWaterhouseCoopers LLP (Jason Wakelam and Bob Alsop) undertook financial due diligence and Eversheds LLP (Richard Moulton and Jon Gill) provided legal advice.

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