Thu, 08 Dec 2022 | BUSINESS NEWS
Private equity investor Aliter Capital has raised £134 million, which it will use to target acquisitions of companies in the UK support services sector. Aliter Capital II, the firm’s second fund, is backed by a consortium of European and US institutions, along with a significant commitment from Aliter’s founding partners.
Aliter aims to create professional, medium-sized operators in the support services sector, through a combination of organic and acquisitive growth. The company targets smaller businesses, which it then integrates and grows.
The company’s strategy is to make a limited number of selective portfolio investments and then deliver dedicated support, based around organisational development, strategy, operational capability and overall business quality.
The UK services sector is comprised of businesses primarily offering labour services, including industrial maintenance, dining and catering, commercial cleaning and equipment repair.
Aliter’s maiden fund, the £92 million Aliter Capital I, was launched in February 2017 and has since closed 21 transactions. So far, Aliter has already invested in two platform businesses for its second fund, Concept Resources and Halcyon, with progress reportedly underway for further investments.
Aliter Managing Partner Billy Allan commented: "We are looking to work alongside talented, ambitious management teams who aspire to become UK leaders in their field.”
"Our experience with the first Aliter Capital Fund underlines we have a business model that works and delivers for both investors and the companies we invest in.”
"The whole team here at Aliter Capital is relishing the opportunity to work with the best emerging leaders in the UK's support services sector and help them grow businesses of scale."
Find businesses for sale here.
If you are looking for an exit, we can help!.
Residential Care Home For The Elderly with an "Outstanding" CQC Rating (Registered 17 residents). Annual Turnover for Y.E 2022 £671,259 with an impressive EBITDA of £227,524. Highly desirable and accessible residential area with a valuable Freehold...
FREEHOLD
Established in 2013, the business started from the founders’ shared dream and commitment to provide the highest quality catering. Today, it is a highly successful family business, building on over 100 years of combined knowledge between its founders,...
LEASEHOLD
First established by our client in 2021, building up an excellent reputation and regular client base. As seen by the online ratings and reviews, the business is extremely popular and well regarded for the quality of its food and service.
LEASEHOLD
24
|
Nov
|
Showering spaces firm undergoes MBO | MBO/MBI
Lakes Showering Spaces, a manufacturer and supplier of showe...
24
|
Nov
|
Stockport print manufacturer acquired out of administration | BUSINESS SALE
Cestrian Imaging Limited, a large format printing manufactur...
23
|
Nov
|
Workforce training provider acquired at over 10x profits | BUSINESS SALE
Astutis, a workforce health and safety training provider bas...
11
|
Jan
|
Milton Keynes IT firm secures PE backing and plans bolt-on acquisitions | BUSINESS SALE
ITM Communications, a Milton Keynes-based network connectivi...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.