March 2021
Perimeter Intruder Detection
SmartWater Technology
Adviser to Themis Risk on their sale of a stake to Freshstream Investment Partners
£undisclosed
Grant Thornton team
  • Usman Malik
    Usman Malik
    Head of Business services, Corporate Finance Advisory
Business support services
Sell side
Corporate finance
Flag of the United Kingdom

We are delighted to have advised Themis Risk on their sale of a majority stake to Freshstream Investment Partners.

Themis Risk is a fast growing, market-leading and unique technology led security risk management group with access to privileged closed source crime intelligence data. The Group consists of two core brands: 

  • Perimeter Intruder Detection “PID”, the leading provider of mobile CCTV solutions in the UK, predominantly to construction, infrastructure, and vacant property sectors. 
  • The legacy SmartWater Technology ”SWT” business which provides proprietary forensic asset marking liquids. 

The shareholders were seeking additional capital and a partner to further accelerate growth via M&A as well as capitalise on international expansion opportunities, whilst undertaking a de-risking exercise. 

Our team ran a highly competitive process, with much interest coming from private equity before selecting Freshstream as the preferred investment partner. 

We provided a partner led service and project managed the entire sale process from start to finish, identifying the best potential buyers, leading negotiations to maximise shareholder value and resolving issues arising out of negotiations and due diligence to complete the transaction. 

Testimonial
The Grant Thornton corporate finance team, managed a complex and highly competitive process, delivering an outstanding result for the shareholders and management team. Their knowledge of the technology led managed services sector and key value drivers, together with a clear strategic view of how best to deliver the shareholders' objectives was apparent throughout. Their extensive knowledge and relationships with global funders, provided the shareholders with a variety of funding options and we are delighted to partner with Freshstream for the next stage of Themis’ growth and grateful to the team.
Mike Hawker Chairman, Themis Risk Holdings Limited