We are delighted to have provided a significant funding package to support private equity firm Aliter Capital LLP with their investment in West Midlands-headquartered tech talent, digital transformation and technology services business, Jumar.

The investment in Jumar has been made from Aliter's £134m second fund, Aliter Capital II.

It involves the backed business becoming a part of Aliter's strategy to develop a significant specialist technology services and resourcing group in the UK, working alongside tech talent business Concept Resourcing, a Dudley-based company acquired by funds managed by Aliter in July 2022.

The funding from ThinCats will help fuel the ambitious buy and build strategy, with further acquisitions lined up for 2024.

Wendy Merricks, founder and chief executive of Jumar, said: "Over the past 23 years, our talented team at Jumar has leveraged its collective strengths to help organisations navigate the evolving technology landscape and achieve their business goals.

Now, it's time for us to enter an exciting new phase of the company's development and we are very much looking forward to working with our new colleagues at Aliter to create a significant, UK wide technology and talent capability for our clients and employees

Wendy Merricks, Founder and CEO

Greig Brown, partner at Aliter Capital, added: "There is clear logic in Jumar working alongside Concept Resourcing. The skills, resources and capabilities of both companies are entirely complementary and will form the strongest of foundations for the development of a leading tech talent and solutions business in the UK."

James Osbiston, Director, ThinCats commented: “Jumar and Concept Resourcing have established distinctive and attractive propositions and together have all the ingredients to build on their tremendous successes to date. Our funding is designed to support fast growing businesses pursuing a buy-and-build strategy, so we are delighted to be playing our part in Aliter’s exciting plans for the future.”