Serbus Acquired by ITM Group as Part of Aliter Capital's Expansion
Deal News | Dec 06, 2024 | Quercus Corporate Finance
Quercus Corporate Finance has successfully advised the shareholders of Serbus Limited on the company's sale to Aliter Capital LLP, a UK private equity firm. Founded in 2010 by UK Special Forces veterans, Serbus specializes in providing advanced secure mobile communications services tailored to high-security environments such as government and military. This acquisition marks Serbus as the third entity in the Aliter-backed group, which includes ITM Communications and Bates IT, expanding the group's service capabilities across critical network and ICT infrastructure sectors. The founders of Serbus will continue to lead and collaborate within the enlarged group to drive further organic growth, while pursuing a buy-and-build strategy. The CEO of ITM, Simon Fieldhouse, emphasized the strategic opportunity this deal presents to expand into new CNI verticals, bolstered by Serbus's secure communication solutions. Appreciation was extended to Quercus Corporate Finance for their steadfast dedication during the M&A process, celebrating a successful transition for Serbus into its next growth phase under Aliter's ownership.
Sectors
- Private Equity
- Communication Technology
- Cybersecurity
- Military and Defense
Geography
- United Kingdom – Serbus, ITM Group, and Aliter Capital are all based in the UK and primarily serve UK sectors including government and critical national infrastructure.
Industry
- Private Equity – The article highlights Aliter Capital LLP, a UK private equity firm, which led the acquisition of Serbus.
- Communication Technology – Serbus specializes in secure mobile communications, providing services crucial in government, military, and critical infrastructure sectors.
- Cybersecurity – Given Serbus's focus on secure communications, the cybersecurity aspect is central to their business offerings.
- Military and Defense – Serbus's clientele includes government and military sectors, aligning it with the military and defense industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Serbus Limited | Target Company | Company | A company specialized in secure mobile communications, founded by UK Special Forces veterans, focusing on high-security environments. |
| Aliter Capital LLP | Bidding Company | Company | A UK-based private equity firm acquiring Serbus Limited to enhance its portfolio in secure communications and ICT services. |
| ITM Group | Acquiring Entity | Company | A company under Aliter Capital providing critical network and ICT infrastructure services. |
| Bates IT Limited | Other Company in Group | Company | Part of the Aliter-backed group, a specialist healthcare ICT provider. |
| Neil Giles and Nick Standen | Advisors | People | Led the advisory team from Quercus Corporate Finance for the sale of Serbus. |
| Quercus Corporate Finance | Advisor | Company | The company advising Serbus Limited on the sale to Aliter Capital. |