Aliter Capital readies Ipsum for post-summer auction

The sponsor has hired DC Advisory to lead the process, one of the sources and a third source familiar said.

The business will be marketed off GBP 10m EBITDA, two of the sources said.

Ipsum was established in March 2017, when Aliter Capital backed Ipsum's acquisition of Complete Asset Life Management Group, a specialist asset management company providing services to the utilities market.

Since then, Ipsum has made four more bolt-on acquisitions, most recently the 2019 acquisition of Stormport, an electricity network asset installation, maintenance and repair services provider, and the February 2021 acquisition of MMC ESL which offers electrical engineering and related services.

Ipsum manages and maintains infrastructure networks for clients across the United Kingdom, as well as managing various IT applications for data analytics, according to Aliter Capital's website. Ipsum's core blue chip customer base is primarily within the water and private sectors, but both its software and operational asset management services are equally applicable to electricity and gas distribution and transmission.

Ipsum, Aliter Capital and DC Advisory did not respond to requests for comment.

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• Topics
• Exits
• Industrials
• Infrastructure
• UK / Ireland
• Mergermarket
• DC Advisory Partners
• Aliter Capital