Agathos backs management buy-out of Lexxic

Agathos is delighted to announce the completion of a majority investment into Lexxic, a market leading neurodiversity assessment services and accreditation provider.

Lexxic is a UK based leading provider of neurodiversity services to organisations. Lexxic partners with medium and enterprise customers to create Neurodiversity Smart™ workplaces and deliver psychological support services to neurodivergent talent within corporate environments. With a team of over 100 people (including >50 in-house psychologists), the business incorporates individual assessments, e-learning and consulting services, all wrapped within its industry-leading Neurodiversity Smart™ accreditation scheme.

Agathos has backed the existing management team, led by Kate Goodanew (CEO), to accelerate growth through the expansion of existing and new services. Significant market demand for Lexxic’s services will be met through continued focus on the delivery of high-quality psychology-led services. Agathos’s investment will support the development of technology to enhance Lexxic’s proposition to clients and embed its services into client organisations, whilst expanding geographic reach and impact. Kate Goodanew, CEO of Lexxic, shared her enthusiasm about this new chapter: “We are thrilled to announce this investment from Agathos, which presents a fantastic opportunity for Lexxic to accelerate our growth and increase our impact on the lives of the individuals we support. This investment will enable us to maintain high-quality neurodiversity services and explore new avenues for growth, impact, and innovation.”

James Bakewell, Partner at Agathos, commented: “We are delighted to be partnering with Kate and the team at Lexxic. In an underserved, fast-paced growth market, Lexxic has developed a market leading position through its psychologist-focussed solutions for corporates who seek understanding, coaching and practical input to address the needs of neurodiverse talent in the workplace. We look forward to accelerating the business’s reach and impact, and developing data and tech-enabled propositions to better serve Lexxic’s current and future customers.”

James Bakewell, Chanelle Jones and John Butterworth led the transaction from Agathos, with James and Chanelle joining the Lexxic Board. Edwina McDowall will also join as Chair, adding significant knowledge and digital transformation expertise. Edwina commented: “It’s a real privilege to be appointed as Chair at Lexxic. A truly fascinating organisation with boundless opportunities for growth. I am excited to work with the Lexxic team and help seize the huge opportunity in front of us as the leading provider of neurodiverse expertise and psychological consultancy services, inspiring so many individuals and organisations today and tomorrow”.

Nicola James, Founder of Lexxic, also expressed deep gratitude for the support and commitment shown throughout her journey with the company: “I am profoundly grateful for the overwhelming support and commitment everyone has shown throughout my journey with Lexxic. Our new collaboration with Agathos opens incredible opportunities for growth, ensuring that Lexxic continues to be a leader in neurodiversity innovation. With Agathos’s support, Lexxic is poised to enhance its strengths and continue providing invaluable services to the neurodiverse community, now with even greater resources and potential for scale and impact.”

Agathos was advised by Stephenson Harwood (legal), Fairgrove (commercial), Crowe (financial and tax due diligence), Grant Thornton (tax structuring), Continuum (organisational), CG Consultancy (IT due diligence)

Lexxic was advised by Shoosmiths (legal) and Castle Corporate Finance (CF).

About Lexxic

Lexxic is a London based neurodiversity (ND) expert that offers end-to-end ND services. Lexxic provides assessment, consulting, e-learning and accreditation services, through a high-quality in-house
team of psychologists.

For more information about Lexxic and its services, please visit lexxic.com