Marriott Harrison advised the shareholders of Independent Transition Management Limited on the sale of the company to management in a buy-out backed by Inflexion Private Equity. ITM is a leading provider of specialist data services to the pensions industry and offers data audit, management and technology solutions to a large number of clients including pension funds, administrators, insurers and other financial services groups. The company was established in 2003 and this transaction fulfils the founders’ wishes to step away as part of an orderly transition process yet retain continuity in management and the values on which ITM has been built. The existing management team will partner with Inflexion to drive the business in its next phase of growth. MH has advised the company for over 10 years.
For further information, please see the press release issued by ITM.