Inflexion taps £2.5bn fund to buy major stake in dss+

Inflexion and Gyrus Capital are pleased to announce that they have entered into an agreement for Inflexion to acquire a majority stake in dss+, a leading provider of operations management consulting services with a purpose of saving lives and creating a sustainable future.

Gyrus and dss+ management will retain a significant minority. The Inflexion investment is being made from Buyout Fund VI which closed on £2.5 billion in March 2022.

dss+ is a global business headquartered in Switzerland that supports clients to reduce risk, transform culture, maximize impact and improve sustainability by operating more responsibly. The business is primarily focused on consulting to high-risk industries where safety, culture transformation, operations and sustainability services are mission critical.

The firm was founded in 1968 as the consulting arm of DuPont de Nemours and was carved out in 2019 as DuPont Sustainable Solutions in a management buy-out supported by Gyrus Capital, which is reinvesting in dss+ as part of this transaction. Gyrus is a Swiss based investment firm dedicated to transformational investments in the healthcare and sustainability sectors, industries that address the structural needs of society and the environment – and are positioned for long-term, sustainable growth.

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Business services is one of Inflexion’s core sectors, with successful partnerships alongside firms such as Alcumus illustrating what can be achieved by combining Inflexion’s support with ambitious management teams.

The transaction is subject to customary regulatory approvals.

dss⁺ operates in a large market which is growing as firms globally are increasingly focused on ESG and sustainability. The firm will work with Inflexion to address this growing demand by enhancing its offering both organically and through M&A in a fragmented market.

“We recognise the immense opportunity that lies ahead for dss+ owing to our experience in building other businesses in the sector as well as from our own sustainability journey. The commitment of the dss+ management to building the business and establishing it as a successful standalone entity makes them well placed to grow further as we work together to enhance their offering both organically and through global M&A,” said Flor Kassai, Head of the Buyout Fund, Inflexion

“We are very proud to have partnered with the dss+ management team in their carve out from DuPont and the first stage of their growth path as an independent firm. We are delighted to be able to remain investors and continue that partnership in its next phase. We are confident Inflexion will bring additional support and resources to dss+ during their next growth phase,” said Guy Semmens, Managing Partner, Gyrus Capital.

Source: Press Release

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