London, 19th July 2021. Apera Asset Management (“Apera”), a pan-European mid-market private debt investor, today announces that it has entered into an agreement with Apse Capital (“Apse”), a leading private equity manager, to provide debt facilities to support the refinancing and continued buy and build strategy of Ultima Business Solutions (“Ultima”), a leading IT solutions and services provider.
Ultima serves a large blue chip client base providing a range of services including cloud, datacentre, Ultima serves a large blue chip client base providing a range of services including cloud, datacentre, strategy in the sector and has recently completed the acquisition of Just After Midnight, a specialist provider of cloud services.
Vikram Krishna, Partner at Apse, said: “We have enjoyed working with the Apera investment team, and appreciate their flexible and supportive approach. Their bespoke financing solution will enable Ultima to embark on the next step of the company’s growth journey as we help it further capitalise on the strong underlying trends in the IT services and solutions market.”
David Wilmot, Partner at Apera, said: “Ultima is a specialist and leading player within the fast growing and resilient IT solutions and services market, backed by a strong and highly ambitious management team. We are very pleased to support both Apse Capital and the management team with continuing Ultima’s high growth and continued buy and build in the sector to date.”
You can download a PDF of the Press Release here
About Apera
Apera is a pan-European mid-market private debt investor operating in the UK, the DACH region, the Nordic region, France and Benelux. The firm develops long-term partnerships with private equity investors, SME borrowers, and advisors by providing tailored financial solutions that meet both the operational needs and growth objectives of clients, whilst producing attractive returns. Apera is focused on bringing a new standard of transparency to the private debt market.
Apera Asset Management LLP is authorised and regulated by the Financial Conduct Authority (FRN: 771080).
Apera Asset Management LLP is incorporated in the UK and the registered office is at 33 Cavendish Square, London, W1G 0PW, United Kingdom.
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