Institutional sponsor currently in fund, targeting cash generative businesses with strong governance. Looking for health & safety & risk consultancy within business services with repeat revenues and a defensible market position. Investor is currently in fund with committed capital for near term execution. Track record includes several completed acquisitions with successful integrations and exits via trade sale. Structure can be pragmatic provided financial reporting, contracts and working capital dynamics are transparent. Integration would be staged, strengthening governance without disrupting delivery. North American buyer targeting opportunities in.