ITM Communications Secures Investment from Aliter Capital
Blake-Turner LLP advised the shareholder of ITM Communications Limited on the sale of its entire share capital to Aliter Capital.
ITM Communications is a Milton Keynes-based firm that offers IT solutions, specialising in the survey, design, installation and support of network infrastructure. In 2022, ITM directors Lynda Ayris, Mark Barber and Mike Jackson undertook a strategic review, after which they planned to identify a strategic partner to invest in the firm. Aliter Capital was selected to become the majority shareholder of ITM, with two of its partners joining the firm’s board alongside the three ITM directors.
In the wake of the investment, ITM’s focus will be on accelerating its growth and development, with expanded capabilities and capacity identified as a particular target. “Securing an exciting future for ITM has been in the planning for quite a while and is a considered, strategic decision for us,” the ITM directors said in a statement.
Blake-Turner acted for the seller with partner Paul Cooper as lead, assisted by now-partner Hannah Starling.