Aliter Capital LLP (“Aliter”), the specialist investment firm focused on small to mid-size UK support services businesses, has expanded its team by making two new hires. Claudia Beveridge joins as Legal Counsel and Alexander Noel as an Investment Associate. They join the founding partners of Aliter – seasoned support services entrepreneurs and investors Billy Allan, Greig Brown, Andy Galloway and Andrew Busby, who set up the firm at the end of 2016.
This news comes a week after Aliter Capital I, LP (“the Fund”) announced its first portfolio acquisition and within two months of the completion of its first two investments and the close of the £92 million fund.
Claudia Beveridge qualified in 2003 and worked at leading law firm Maclay Murray & Spens. She joined Alfred McAlpine in 2005 where she advised on numerous acquisitions, restructurings and negotiations. Claudia joined Europa in 2011 and played a key role in implementing corporate governance policies and procedures within the organisation. She has worked closely with Aliter partners Andy Galloway and Greig Brown at McAlpine and Europa. As Legal Counsel at Aliter, Claudia’s role will include due diligence on transactions and the provision of legal advice to the Aliter fund and its portfolio companies, as well as general corporate governance advice.
Alexander Noel qualified as a chartered accountant in 2013 and spent his training years at PwC in the Channel Islands, initially as part of the offshore advisory team with a focus on the private equity sector. He joined the M&A team at PwC in London in 2015 and has since then, advised multiple stakeholders to businesses. Alexander’s role at Aliter will include deal origination, investment analysis and execution and portfolio management.
Andrew Busby, partner at Aliter Capital said: “We are delighted to welcome Claudia and Alexander to Aliter at what is a very busy time. Within just a few months the Fund has closed at its target hard cap amount and has completed its first two platform investments as well as its first portfolio acquisition. Strengthening the team will help us to further expand our pipeline of opportunities within the UK support services sector.”
The Fund acquired Edwin James Holdings (“EJH”) and Complete Asset Life Management Group Ltd (“CALM”), in April 2017, as well as the bolt-on acquisition of WT Parker to EJH.
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