Transaction

Clearwater UK advises Inflexion-backed ITM on securing a new financing package

Transaction

Inflexion Private Equity secured a new financing facility from Lloyds Bank for its portfolio company Independent Transition Management Ltd

Refinance

Undisclosed

Role

Adviser to Inflexion Private Equity securing a new financing facility from Lloyds Bank for its portfolio company Independent Transition Management Ltd

Sector

Financial Services

Region

United Kingdom

Clearwater UK has provided debt advisory services to Inflexion Private Equity (Inflexion), securing a new financing facility from Lloyds Bank for its portfolio company, Independent Transition Management Ltd (ITM).

ITM is the leading provider of specialist data services to the pensions and financial services markets. Founded in 2003, it specialises in technology-led data audit, management administration and migration services. The business works with pension funds, providers, trusts and administrators as well as other generalist financial institutions.

The company utilises proprietary software and specialist expertise to provide critical and complex data services for its blue-chip clients in the private and public sectors. With a head office in London, ITM currently employs 120 staff across the UK, with additional offices in Guildford and Edinburgh.

This transaction with Lloyds Bank follows the management buyout of ITM, completed by Inflexion in May 2018, on which Clearwater also advised.

image 71

Having worked with Inflexion on the initial management buyout of ITM, we are delighted to have been able to assist with the debt raise project. The facility in place is designed to assist with the growth strategy and we believe the business is in a strong position to capitalise on these future opportunities.

Lachlan Dorrity, Director, Clearwater
image 71

ITM is a clear market leader with a compelling offering and positive market dynamics, demonstrated by its strong growth. We are pleased to have been able to support the business and Inflexion.

Jonathan Ferris, Director, Lloyds Bank Strategic Debt Finance team

Advisers

Transactions