Gyrus sells majority stake in dss+ to Inflexion
Inflexion and Gyrus Capital have announced 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. 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.
The deal is subject to regulatory approvals.
Lenz & Staehelin advises Gyrus Capital in this transaction. The team is led by partners Andreas Rötheli (corporate and M&A) and Floran Ponce (tax) and includes Federico Trabaldo Togna (senior associate), David Di Rosa and Ramona Krause (all corporate and M&A) as well as Maximilien de Ridder (senior associate) and Jenny Benoit-Gonin (all tax).