Acquisition of a majority stake in dss+ by Inflexion
On June 7, 2023, Inflexion and Gyrus Capital announced the completion of the acquisition by Inflexion of 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 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. Gyrus supported the incumbent management team of DuPont Sustainable Solutions (now dss+) in the carve-out from DuPont de Nemours in 2019. Once established as an independent firm, dss+ has grown both organically and through selected complementary acquisitions in opex, food and sustainability businesses.
Lenz & Staehelin advised Gyrus Capital in this transaction. The team was led by partners Andreas Rötheli (corporate and M&A) and Floran Ponce (tax) and includes Federico Trabaldo Togna, David Di Rosa, Ramona Krause and Aurélien Ghose (all corporate and M&A), as well as Maximilien de Ridder, Jenny Benoit-Gonin and Luca Gigante (all tax).