- IK will invest alongside Ipsum’s existing management team
- IK Partners is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics, and the UK
- Aliter is an investor focused on small to mid-sized UK support services businesses
IK Partners, through its IK Small Cap III Fund, will acquire Ipsum Group from Aliter Capital. No financial terms of the transaction were disclosed.
Ipsum, headquartered in Chorley, UK, is a provider of specialist infrastructure services across the UK’s regulated water and energy companies and private sector businesses. The firm employs around 570 people.
IK will be investing alongside Ipsum’s existing management team, according to a release.
IK’s investment in Ipsum will help the firm continue its focus on both organic and acquisitive growth in markets, and invest in its people, asset base and technology offering to scale its proposition further, the release said.
Ipsum’s team has “built a business with strong customer centricity and a reputation for quality and reliability, which is supporting UK infrastructure players in their journey towards energy transition, sustainability, and a low carbon agenda”, said Tom Salmon, partner at IK Partners and advisor to the IK Small Cap III Fund.
Aliter Capital first invested in Ipsum in 2017.
The completion of the transaction is subject to legal and regulatory approvals.
IK Partners, based in London, is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics, and the UK. The firm has raised over €14 billion of capital and invested in over 170 European companies.
Aliter is an investor focused on small to mid-sized UK support services businesses and is based in London. The firm make investments of up to £20 million in firms with an enterprise value of between £10 million to £50 million.