MML portfolio company Altius is acquired by Avanade

MML Capital Partners (“MML”) has successfully exited its investment in data and AI solution provider Altius.

Altius specialises in helping companies harness their data and use it to drive improved business performance. Headquartered in London with offices in The Netherlands and India, Altius is one of Europe’s fastest growing technology businesses, employing over 300 Microsoft specialists.

Simon Goldsmith, CEO at Altius, comments:

“We were impressed with MML’s flexibility and collaborative approach from day one and they proved absolutely the right investment partner for us. We have enjoyed and appreciated the support and belief shown by them as we completed this stage of our journey. We look forward to continuing to offer our clients the leading innovative data and AI solutions we are known for, while also extending our offerings to include more business solutions.”

Luke Jones, partner at MML, said:

“During our period of investment Altius delivered excellent growth and won a number of significant new clients. The business is driven by an outstanding management team who we have no doubt will continue to thrive within Avanade. We wish them the best of luck.”

The MML deal team consisted of Luke Jones, Amar Shanghavi and Will Stewart.

Laura Maddison at Raymond James, Ed Stead at Pinsent Masons and Ben Collins at EY advised on the transaction.

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