I am Director at Aliter Capital LLP, a different type of private equity firm, aiming to support management teams drive the growth and value of their business in the support services sector. I head up our North of England office. Along with my colleagues at Aliter, we aim to deliver upper quartile returns for investors in our funds. Aliter has earned a reputation for investing in and building successful businesses. We offer decades of previous experience building support services companies. We know what works and what builds value and we know what can get in the way.๐ ๐๐ข๐๐๐๐ซ๐๐ง๐ญ ๐ฐ๐๐ฒItโs especially important to me and my colleagues that we offer a different way of working with management teams at our investee companies. We donโt just turn up for board meetings every month to check the numbers. We aim to work alongside and be totally aligned with management teams; to drive growth and add value, sharing risks and rewards along the way. We donโt believe in loading up balance sheets. We aim for a more equitable debt/equity ratio.๐๐จ๐ฅ๐ฅ๐๐๐จ๐ซ๐๐ญ๐ข๐ฏ๐ ๐ซ๐๐ฅ๐๐ญ๐ข๐จ๐ง๐ฌ๐ก๐ข๐ฉ๐ฌFrom our offices in London, Manchester and Glasgow, we work with management teams to set a clear strategy. We deliver expert support and we help navigate the road ahead. Our track record confirms that, together, we can create outstanding value.๐๐จ๐ฐ ๐ข๐ญ ๐ฐ๐จ๐ซ๐ค๐ฌWe invest and focus on a handful of platforms. That way, we can really devote time to working with and supporting management. Our investments are not just assets in a portfolio. Our goal is to help build outstanding support services businesses.We look for bright, ambitious management teams and we take time to get to know them. We discuss goals and ambitions โ for the business and for themselves.We explore strategy and growth options. We work together to build an understanding of what makes each other tick . Only after that do we start to work on the deal.๐๐ฎ๐ข๐ฅ๐๐ข๐ง๐ ๐ฏ๐๐ฅ๐ฎ๐I am pleased to report a flying start for our ยฃ134m Aliter Capital II fund. Launched in December 2022. the fund has already created four platform businesses in;โข IT Networkingโข Healthcare Data Analyticsโข Technical Servicesโข IT Recruitment and Resourcingโฆ and we are actively seeking to make further investments/acquisitions in these and other support services areas.We are backed by a consortium of US and European institutions including pension funds, insurance companies, university endowments and charitable foundations; and our founding partners have also made a significant financial commitment to the fund.
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Corporate Finance PartnerAzetsManchester, Gb -
Director โ Private Equity โ Investment โ Building Value โ Manchester, Glasgow And LondonAliter Capital Llp Aug 2022 - PresentManchester, Glasgow And LondonWorking in the financial markets for nearly 15 years, navigating bull markets, recessionary environments, and times of instability. First advising public investors and companies, then private equity backed businesses before transitioning this knowledge and experience into the investing world.๐๐ญ๐๐ซ๐ญ๐ข๐ง๐ ๐ฆ๐ฒ ๐๐๐ซ๐๐๐ซ ๐ฐ๐ข๐ญ๐ก ๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ ๐๐๐ฏ๐ข๐ฌ๐๐ซI joined Brewin Dolphin Investment Bankingโs Leeds office (now Singer Capital Markets) in 2009, then the number 1 adviser to AIM companies. I worked on over 30 transactions involving capital market raises, Takeover Code applications and strategic M&A. My focus was primarily business and industrial support services. During my time here I was awarded best performance worldwide in ICAEWโs CF Diploma.๐ ๐ฆ๐จ๐ฏ๐ ๐๐๐ซ๐จ๐ฌ๐ฌ ๐ญ๐ก๐ ๐๐๐ง๐ง๐ข๐ง๐๐ฌIn 2014 I headed to Manchester to join DC Advisory and what now is the biggest Corporate Finance team in the North. Whilst there I worked on numerous UK and cross boarder PE and strategic trade transactions with a combined value of over ยฃ2bn. I continued to focus on support services and was nominated for North West Emerging Dealmaker.๐๐ฅ๐ข๐ญ๐๐ซ ๐๐๐ฉ๐ข๐ญ๐๐ฅ ๐๐After a building a strong relationship with the team I am now working on the ยฃ134m Aliter Capital II fund which, since its launch in December 2022 has created four platform businesses in;โข IT Networkingโข Healthcare Data Analyticsโข Technical Servicesโข IT / Digital TransformationWe actively seek to make further investments in these and other areas of the support services sector. -
DirectorDc Advisory Apr 2020 - Aug 2022Manchester, England, United Kingdom -
Associate DirectorDc Advisory Apr 2017 - Mar 2020Manchester, United KingdomSpecialising in M&A strategy and execution advice to shareholders and financial sponsors with a specific interest in Infrastructure Services and Automotive businessesRecent transactions include:โข Sell-side advice to CarShop on the sale to Penske Automotive - Automotiveโข Sell-side advice to Morrison Utility Services on the sale to First Reserve โ Infrastructure Servicesโข Sell-side advice to EnServe on the sale to Rubicon Partners โ Infrastructure Servicesโข Buy-side advice to Bowmark on the acquisition of Nexus Vehicle Rental โ Automotiveโข Sell-side advice to Ideal Shopping Direct on the sale to Blackstone Group โ Retailโข Sell-side advice to YM Mailing on the sale to Pricoa โ Printing and Packagingโข Buy-side advice to ECI on the acquisition of Tusker - Automotive -
AssociateDc Advisory Jun 2014 - Mar 2017Manchester, United Kingdom -
Corporate FinanceN+1 Singer Sep 2009 - May 2014Leeds, United Kingdom
Joe Stroud Education Details
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IcaewDistinction -
Msc Finance And Investment -
University Of Durham, St Cuthbert'SBa (Hons) Economics, First Class
Frequently Asked Questions about Joe Stroud
What company does Joe Stroud work for?
Joe Stroud works for Azets
What is Joe Stroud's role at the current company?
Joe Stroud's current role is Corporate Finance Partner.
What schools did Joe Stroud attend?
Joe Stroud attended Icaew, Durham Business School, University Of Durham, St Cuthbert's, Durham University Business School.
Who are Joe Stroud's colleagues?
Joe Stroud's colleagues are Jasmine Sharp, Malcolm Wright, Alice Clark, Ryan Webster, Shaun Knight, Sรธren Gents, Amy Davies.
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Joe Stroud
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