Aliter Capital makes a new hire to its investment team
Aliter Capital LLP (“Aliter”), the specialist investment firm focused on small to mid-size UK support services businesses, has completed a new hire to its investment team with the news that James Davies joins as an Investment Associate. This follows soon after Aliter announced two new hires in May – Claudia Beveridge joined as Legal Counsel and Alexander Noel as an Investment Associate.
James joins 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. The appointment reflects the continued momentum behind Aliter Capital I, LP (“the Fund”) which has in the last six months announced the completion of its first two investments, its first portfolio acquisition and the close of a £92 million fund.
James joins the team from Canaccord Genuity where he was a vice president in the corporate advisory division working on buy and sell-side mandates for corporates and private equity firms. Prior to that he was an associate in the investment team at Mansford LLP and an analyst at Macquarie Capital. James started his career in 2008 at Deloitte in the audit and advisory division working in the banking and capital markets team.
Andrew Busby, partner at Aliter Capital said: “We are very pleased to welcome James to Aliter and his appointment reflects our dedication to investing in our people as we grow. James’s appointment further strengthens our investment team which focuses on identifying, assessing and transacting new investment opportunities.”
Founded in 2016, Aliter Capital I is one of the first funds of its kind and is focused on small and mid-sized businesses in the UK support services sector, a market now valued at over £300 billion. Its approach differs from traditional private equity models by making only a limited number of selective portfolio investments in order to deliver dedicated hands-on support.
The Fund acquired Edwin James Holdings (“EJH”) and Ipsum Group in quarter 1 2017, swiftly followed by the bolt-on acquisition of WT Parker by EJH in April 2017.