Squire Patton Boggs has advised Aliter Capital, a specialist investor focused on small to mid-sized UK Support Services businesses and the Ipsum management team, on the sale of Ipsum Group Limited to IK Partners.
The Corporate team advising on the sale and reinvestment was led by partner Paul Mann on the sale side and partner James Fitzgibbon on the management reinvestment and included Louisa Hine, Rebecca Meyers, Nathan Bentley, Olivia Baccarella, Conor Pedder and Tesni Thomas. Tax advice was provided by partner Mark Simpson and Olivia Foster and environmental advice was provided by partner Rob Elvin and Caroline Almond.
Headquartered in Chorley, United Kingdom and founded in 2017, Ipsum is a leading provider of specialist infrastructure services to highly critical assets within the UK power and water markets. The Company has approximately 570 employees spread across its 14 hubs, providing 24/7 coverage nationally and serving over 1,400 clients across the UK, including regulated public sector bodies, government-backed organisations and private customers.
Greig Brown, partner at Aliter Capital, said: “We are extremely proud of the progress and growth that has been achieved with the team at Ipsum since our initial investment in 2017. The business has effectively executed several important acquisitions during this period, solidifying its position as a market leader in infrastructure services in the UK. This is the third successful exit from our first fund, further evidencing our ability to build great businesses and we believe an excellent outcome for all parties involved.”
Paul Mann said: “We are pleased to support Aliter with its strategic plans for the acquisition, growth and development of its portfolio companies, and its latest successful exit. The team has achieved excellent results for Ipsum Group and in securing the backing of IK Partners, the company is well-placed to continue on this growth trajectory.”