NorthEdge invests in Altia-ABM

The deal was funded by NorthEdge's SME fund, which held a final close on £120m in July 2018. It was 21% deployed as of September 2020 and invested £2-10m in companies across the north of England.

The investment from NorthEdge backs Altia-ABM's newly promoted CEO Rob Sinclair, who joined the company in 2017, in leading the buyout.

The funding will go towards developing the company's software and supporting cloud-based deployments for both new and existing customers. The company is expected to grow internationally, and both organically and by acquisition, according to a statement.

NorthEdge investment director Kevin O'Loughlin will join the Altia-ABM Board at completion, with Simon Hook joining as chair, and Matt Duckhouse as non-executive director.

Company
Nottingham- and Glasgow-based Altia-ABM develops specialist investigation software for government departments and law enforcement agencies in the UK, Canada and Australia. Altia-ABM's investigation products include digital casefile and business workflow management software, toolkits to analyse data in financial investigations, as well as enterprise application software for covert operations. Founded in 2002, the company reported revenue of £5.9m and EBITDA of £1.4m in 2019.

People
NorthEdge – George Potts (director); Kevin O'Loughlin (investment director); Phil Frame (director, head of north-west).

Advisers
Equity – KPMG (corporate finance, financial due diligence); Graph (commercial due diligence); Pinsent Masons (legal); Crosslake (IT due diligence).
Company – Aequitas (corporate finance); Vialex (legal).
Management – Browne Jacobson (legal).

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• Topics
• Buyouts
• UK / Ireland
• Technology
• NorthEdge Capital
• KPMG
• Pinsent Masons
• United Kingdom