DWF has advised long-term client, Aliter Capital LLP, on the sale of its shareholding in North Group SP to private equity investor, Livingbridge.

Aliter is a private equity buy and build specialist in the support services sector which initially invested in North, an Internet of Things service and solutions provider, in 2018. Through the acquisitions of both Boston Networks (2018) and Pinacl (2019), Aliter combined five businesses and partnered with North’s management team to support the Group’s continued development.

North now has over 270 staff across the UK and is a highly technical integrated technology specialist delivering end-to-end networking and IoT application design, implementation, support, and managed services.

DWF’s Gemma Gallagher led the sale on behalf of Aliter and management sellers, supported by Paul Pignatelli and Hope Donnachie (corporate), Freya Gibb and Caroline Colliston (tax), Vicki Thomas (pensions) and Mikela Rochford (banking).

DWF’s Mark Gibson and Graham Tait (corporate) acted for the North senior management team on the equity investment by Livingbridge.

Gemma Gallagher said: “We have supported Aliter in a growing number of transactions and it is a pleasure to support the team in the sale of North, after a three-year investment. We wish the North team well in the next stage of their journey with Livingbridge.”