QPE supports MBO of Helix International

Queen’s Park Equity (“QPE”) is delighted to announce it has supported the MBO of Helix International (“Helix”). Helix is a multi-faceted group providing a range of risk, safety and compliance services to the built environment sector, supported by its market leading risk management software offering.

The services it delivers help its blue-chip clients stay ahead of compliance requirements in a constantly evolving regulatory environment. These services are provided through its market-leading brands: Ark Workplace Risk, Firetecnics, Ark Sustainability and Quooda.

Helix International Group is known for its deep technical and sector expertise. It is supported by an exceptional client service team which has enabled it to become the preferred risk & safety solutions partner to its growing customer base. This is exemplified by one of the highest net promoter scores in the sector and >30% CAGR revenue growth over the past two years.

Mirela Duras will lead the business in her new role as Group MD with Rosalind Benjamin remaining in an advisory role.

Helix founder, Rosalind Benjamin, is continuing as an investor and a board advisor to the business. Rosalind commented on the transaction: “We were looking for an investment partner who really bought into our mission and the fact that our success is built on our clients’ success. QPE stood out because they showed a deep understanding of our culture and the market, have the experience of scaling businesses like ours and the expertise to accelerate our plans.”

Mirela Duras, Group MD at Helix commented: “We have an ambitious goal: to build the UK’s foremost risk, compliance and safety solutions, and software business and today’s investment is the next step towards achieving that vision. While it is business as usual for our team and clients, it’s an exciting milestone for us all and I’d like to thank everyone who has played a role in our success.”

Sami Igout, investor at QPE, adds: “We have been really impressed by the strength and ambition of the team at Helix, a market leading business focused on providing mission critical services to blue chip clients in the built environment sector. The business is known for outstanding quality as evidenced by NPS scores >+80, strong positive customer relationships and historical growth. We look forward to working with the team to support future growth through investing in talent, broadening and deepening our technical expertise, investment in technology and our customer interface.”

The QPE investment will be used to scale and expand capability to support the company’s mission to deliver the most compelling risk assessment, compliance and safety offerings. As a tech-enabled business, Helix will continue to invest in technology and talent to ensure the business continues to be at the forefront of building compliance regulations.

Helix is the 13th partnership investment from Queen’s Park Equity Fund I, which was oversubscribed and closed at its hard cap of £202m in December 2020 and last year delivered its inaugural exit at 7.6x MMx through the exit of Encore. QPE is focused on providing capital and expertise to high-quality, entrepreneur-led businesses within the Education, Tech Enabled Business Services, Healthcare and Pharma sectors, with strong ambition to accelerate their growth.

Queen’s Park Equity would like to thank our advisors, including:

Corporate Finance: KPMG
Financial: Wilson Partners
Legal: McDermott Will & Schulte
Commercial: Fairgrove
Tech: Intium