Lumon Acquires Abacus FX

Foreign Currency Direct Acquires Corporate Dealing Team and Client Portfolio from Foenix Partners

February 26, 2020

Payments & Fintech

Foreign Currency Direct, a Pollen Street Capital-backed international payments and FX specialist, has acquired a corporate dealing team and associated client portfolio from Foenix Partners Ltd. The team will join Foreign Currency Direct's corporate division, Infinity International, expanding the group's corporate FX and payments capabilities and client base in the UK.

Foreign Currency Direct Acquires Earthport FX from Earthport Limited

February 4, 2020

Payments & Fintech

Foreign Currency Direct, the Pollen Street Capital-backed international payments and FX specialist, has acquired Earthport FX Limited, the corporate payments and foreign exchange division of Earthport Limited. The business will join Foreign Currency Direct's corporate division (including Infinity International and Pure FX), increasing the group's scale and market presence in corporate cross-border payments for small and medium-sized businesses.

NorthEdge-backed Contollo Group Acquires Abacus Cost Management

February 14, 2024

Professional Services

NorthEdge has invested in Contollo Group, a newly formed built-environment consultancy platform led by Oliver Dennis and Ruth Percival, to fund a UK-focused buy-and-build strategy. Contollo has completed its first acquisition, Manchester-based cost and project management consultancy Abacus, with Abacus co-founder Ellis Goodfellow joining Contollo's leadership team.

Apax Partners Acquires Alcumus from Inflexion for over £600m

February 11, 2022

Cloud & SaaS

Funds advised by Apax Partners LLP have agreed to acquire Alcumus from Inflexion for a transaction valuing Alcumus at over £600 million, generating a 5.9x return for Inflexion. Alcumus, a Cardiff-based provider of technology-led risk management and compliance solutions that has transitioned to a SaaS model, was backed by Inflexion since 2015 and expanded internationally through strategic acquisitions and organic growth.

Naviga Acquires Abacus

March 8, 2022

Cloud & SaaS

Naviga Inc. has acquired Abacus, a United Kingdom–headquartered SaaS provider of a Customer Data Platform (CDP) and Digital Experience Platform (DXP). The acquisition expands Naviga's digital subscription, audience insight and engagement capabilities and broadens its footprint across Europe by integrating Abacus's CDP/DXP with Naviga's Content Engagement Platform.

Abacus Group Merges with Medicus IT to Create FFL-backed Financial Services & Healthcare MSP

July 15, 2025

IT Services

FFL Partners has completed the merger of its portfolio companies Abacus Group and Medicus IT to form a new multi-vertical managed IT services provider focused on financial services and healthcare. The combined business — led by Abacus CEO Anthony D'Ambrosi — will scale managed services across IT operations, multi-cloud, cybersecurity, data and AI to serve compliance-focused clients; financial terms were not disclosed.