Aliter acquires Bolt Learning

The transaction will form the basis for a build-up platform in the corporate training space, and the GP has concurrently provided acquisition finance to support the bolt-on of IT consultancy Mercurytide.

The deal is the 12th transaction and fourth platform investment from Aliter Capital I, a fund dedicated to investing in the support services sector. The vehicle makes majority investments of up to £20m per target company, with enterprise values in the £10-50m range.

Aliter was launched in 2016 by managing partner Billy Allan and founding partners Greig Brown, Andy Galloway and Andrew Busby, who have all had previous entrepreneurial or investment experience in the support services sector. Busby was notably a deal-maker at HIG Capital between 2007-2013. The maiden fund closed on its £92m hard-cap in early 2017.

Company
Founded in 2013, Glasgow-headquartered Bolt develops training software and provides online corporate training courses. It provides services and products to all sectors, though it specialises in the retail, food wholesale and professional association sectors.

People
Aliter Capital – Billy Allan (managing partner).
Bolt Learning – Tamlin Roberts (CEO).

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• Topics
• Buyouts
• UK / Ireland
• Support services
• United Kingdom
• Aliter Capital
• Build-up