Clearwater International UK advises Inflexion on the management buy-out of ITM

Clearwater International UK has advised Inflexion Private Equity on the management buy-out of Independent Transition Management Limited (ITM), leading provider of specialist data services to the pensions and financial services markets.

Founded in 2003, ITM specialises in technology-led data audit, management administration and migration services, working with pension funds, providers, trusts and administrators as well as other generalist financial institutions. The company utilises proprietary software and specialist expertise it has built over 15 years to provide critical and complex data services for its blue-chip clients in the private and public sectors, including Aviva, Legal & General, Cabinet Office and BT. Headquartered in London, ITM currently employs 120 staff across the UK, with additional offices in Guildford and Edinburgh.

The transaction fulfils the founders’ wishes to step away as part of an orderly transition process yet retain continuity in management and the values that ITM has been built on. The existing management team led by Darran Blount will partner with Inflexion to drive the business through its next phase of growth.

Clearwater Advisers