ICG / Excellera /
Alma Strategic Communications
ICG-backed Excellera acquired Alma Strategic Communications, the London financial communications firm founded by Josh Royston in 2015, Excellera said Sept. 23, 2026.
What happened
Terms weren't disclosed. [01]
Royston and Alma's partners stay and are reinvesting a significant portion of their proceeds. The combined group now has about 400 professionals across 15 offices, with Alma among the top providers of communications to UK listed companies. [01]
Who is involved, and the source
The images posted with the deal. Everything on this page comes from the @carrywatch post below.


ICG-backed Excellera acquired Alma Strategic Communications, the London financial communications firm founded by Josh Royston in 2015, Excellera said Sept. 23, 2026.
This post is the source for the companies, stage and people on this page.
Open the post on XWhere the deal stands
Closed, as posted
ICG / Excellera acquired Alma Strategic Communications (Closed, posted 26 Sep 2026).
Source
Deal Web
Every firm and person on this deal, and how they connect. Open any name to see their other deals.
Deal Web as a list
- ICG (Buyer) acquired this deal. ICG: 1 deal on Carrywatch.
- Excellera (Buyer) acquired this deal. Excellera: 1 deal on Carrywatch.
- Alma Strategic Communications (Target) target this deal. Alma Strategic Communications: 1 deal on Carrywatch.
- Josh Royston (Founder, Alma Strategic Communications) named in post this deal. Josh Royston: named in 1 post on Carrywatch.

Josh Royston
Founder, Alma Strategic Communications