Ultima Business Solutions Limited has sold a majority stake to Apse Capital

Ultima is a fast-growing digital transformation specialist, offering end-to-end tailored IT solutions, leveraging its deep infrastructure, professional and managed services capabilities. Founded in 1990 and headquartered in Reading, Berkshire, the company has continued to innovate since inception, staying at the forefront of technology. Most recently, Ultima has moved to an Intelligent Automation (IA) strategy, augmenting its core infrastructure delivery with modern RPA, Chatbot, IoT and AI technologies.

Apse Capital’s investment in Ultima’s strategy will expedite its ambitious plans for growth, drive innovation (including executing on its Intelligent Automation strategy) and help to finance selective acquisitions designed to extend Ultima’s reach into the cloud and managed services arena.

Headquartered in London, Apse Capital is a new independent European private equity group, focused on strategic tech-enabled services.

Lincoln acted as the exclusive financial adviser to the shareholders of Ultima. Working closely with the management team, Lincoln provided guidance on the strategic options available, prepared the company for investment, and then managed the entire transaction process to a successful completion, including the negotiation of price and transaction terms. Lincoln also ran a lender education exercise to enable investors to optimise the capital structure at an earlier stage.

Chris Brooks, TMT Managing Director at Lincoln International commented,

“We are very pleased to have advised on this transaction, helping Max and the management team through the strategic options and successful execution. The quality of the Company and management team meant that the transaction has been hugely rewarding for all involved. We look forward to seeing Ultima continue to grow strongly over the coming years with the support of its highly experienced new investor.”

Ultima Apse Capital 2019
  • 2019
    Close Year
  • Technology, Media & Telecom
    Industry
  • Private
    Client Type
  • Financial | Cross-border
    Transaction Type
  • United Kingdom
    Countries
Having owned and run Ultima for the majority of its 28+ year history, this is a new path for us, and the Lincoln team provided the shareholders and management with clear advice, guidance and hands-on support throughout. We are extremely happy with the outcome which sees me retain a significant minority interest in this great business.
Max McNeill
Chairman at Ultima

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