Key Takeaways
- • Aliter Capital has completed fundraising for a new £50m Annex Fund to support growth of two existing technology platforms, Technology x People (TXP) and Serbus.
- • The Annex Fund sits alongside Aliter Capital II, a £134m fund launched in 2022, and has been backed entirely by existing institutional investors in Aliter Capital II.
- • Aliter first invested in both businesses in 2022 and later supported three add-on acquisitions at each company, with rebrandings to TXP in 2025 and Serbus in 2026.
- • Proceeds are earmarked to fund a wider range of strategic add-on acquisitions, according to Aliter partner Greig Brown.
Summary
Private equity investor Aliter Capital has completed fundraising for a new £50m Annex Fund, according to Scottish Financial News. The vehicle has been created to support the growth of two of Aliter's established technology platforms: Technology x People (TXP), a systems integrator focused on technology consultancy, development and resourcing, and Serbus, a provider of specialist secure Critical National Infrastructure networking and communications solutions.
Aliter first backed both businesses in 2022. It then supported three further add-on acquisitions at each company, with the businesses rebranded as TXP in 2025 and Serbus in 2026. The Annex Fund will sit alongside Aliter Capital II, the firm's existing £134m fund launched in 2022. The new vehicle has been backed by existing institutional investors in Aliter Capital II.
Aliter partner Greig Brown welcomed the support shown by Aliter Capital II investors in participating in the Annex Fund. He said the TXP and Serbus management teams have a clarity of vision and exciting plans for growth, and that the new funds will facilitate a wider range of strategic add-on acquisitions.
Serbus group chief executive Simon Fieldhouse said that threats to the UK's critical national infrastructure continue to evolve and that the company is building a sovereign, market-leading group with security in its DNA. He said targeted acquisitions and investment are strengthening its ability to connect and protect the nation's most critical services. The company's differentiator, according to the article, is a "security DNA" built on standards used by the UK Special Forces, UK Government, Emergency Services and National Healthcare.
TXP chief executive John Antunes said the business welcomes the continued backing of Aliter and its investors as it enters the next phase of growth. He said the funding gives TXP further firepower to accelerate its buy-and-build ambitions and broaden its capabilities.
Aliter first backed both businesses in 2022. It then supported three further add-on acquisitions at each company, with the businesses rebranded as TXP in 2025 and Serbus in 2026. The Annex Fund will sit alongside Aliter Capital II, the firm's existing £134m fund launched in 2022. The new vehicle has been backed by existing institutional investors in Aliter Capital II.
Aliter partner Greig Brown welcomed the support shown by Aliter Capital II investors in participating in the Annex Fund. He said the TXP and Serbus management teams have a clarity of vision and exciting plans for growth, and that the new funds will facilitate a wider range of strategic add-on acquisitions.
Serbus group chief executive Simon Fieldhouse said that threats to the UK's critical national infrastructure continue to evolve and that the company is building a sovereign, market-leading group with security in its DNA. He said targeted acquisitions and investment are strengthening its ability to connect and protect the nation's most critical services. The company's differentiator, according to the article, is a "security DNA" built on standards used by the UK Special Forces, UK Government, Emergency Services and National Healthcare.
TXP chief executive John Antunes said the business welcomes the continued backing of Aliter and its investors as it enters the next phase of growth. He said the funding gives TXP further firepower to accelerate its buy-and-build ambitions and broaden its capabilities.
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