Even though the pandemic has changed the ways most sectors conduct business, many companies, especially in the lower middle-market when it comes to digital transformation. This is why alternative asset management firm Altimer Capital has decided to launch.
“We believe we are seeing the most profound transformation of business and the economy in our lifetime in the ongoing digital transformation that companies of all sizes, across all industries, are undergoing across the globe, which fundamentally changes how they do business,” Altimer founder and managing partner Patrick White tells Mergers & Acquisitions. “Additionally, we see a unique opportunity in the lower half of the middle market, which has experienced a significant lender migration upmarket in the last several years, creating a growing need for comprehensive, specialized financing solutions in the lower half of the middle market.”
Altimer is based both in Boston and San Francisco. The firm will write checks up to $100 million with the ability to underwrite up to $150 million. Altimer will mainly focus on the technology, business and financial Services, healthcare and life sciences industrials sectors.
“Digital transformation is ubiquitous. Businesses of all sizes, in all industries and all geographies are investing in and deploying technology to remain competitive and increase business resilience. As the Covid crisis demonstrated, investing in technology and digital tools is even more critical during times of transition and dislocation,” mentions Altimer founder and managing partner Natasha Fox.
– Demitri Diakantonis
