Baker & McKenzie LLP
11/03/2025 | Press release | Distributed by Public on 11/03/2025 13:30
Baker McKenzie advises on Trustmarque Group’s merger with Ultima Business Solutions
Baker McKenzie has advised One Equity Partners and its portfolio company, Trustmarque Group, a leading technology services partner, on the merger between Trustmarque and Ultima Business Solutions, a premier managed services provider owned by Apse Capital. Upon completion, the combined business will form a leading IT channel powerhouse in the UK.
The transaction will mark a transformative milestone, bringing together a combined Gross Invoiced Income (GII) expected to reach GBP 1 billion. With a proposed unified workforce of over 1,000 employees, the combined business will be poised to unlock greater innovation, agility, and market impact. This planned strategic alignment not only strengthens operational capabilities but also sets the stage for bold growth, deeper customer engagement, and a shared vision to lead the industry with purpose and performance. Together, the combined businesses will provide a comprehensive portfolio of expert driven, end-to-end IT solutions and managed services with pioneering IP at the core. From One Equity Partners, Andrew Dunn (Partner) and Vittorio Palladino (Principal) will remain on the board of the combined business.
The Baker McKenzie team was led by Private Equity Partner, Justin Hutchinson, with support from Private Equity Associates Angus Duncan, Emma Burton and Francesca Cohen. The team also included Debt Finance Partner, Nick O'Grady; Tax Partner, Natalie Dunne; and Antitrust & Competition Partner, Anthony Gamble.
Commenting on the deal Justin Hutchinson, said: "We're proud to have supported One Equity Partners and Trustmarque on this transformative transaction, which brings together two highly respected businesses in the UK technology services space. This deal highlights our strength in advising private equity sponsors and their portfolio companies on complex mergers and acquisitions, particularly in the technology and business service sectors."
The transaction will mark a transformative milestone, bringing together a combined Gross Invoiced Income (GII) expected to reach GBP 1 billion. With a proposed unified workforce of over 1,000 employees, the combined business will be poised to unlock greater innovation, agility, and market impact. This planned strategic alignment not only strengthens operational capabilities but also sets the stage for bold growth, deeper customer engagement, and a shared vision to lead the industry with purpose and performance. Together, the combined businesses will provide a comprehensive portfolio of expert driven, end-to-end IT solutions and managed services with pioneering IP at the core. From One Equity Partners, Andrew Dunn (Partner) and Vittorio Palladino (Principal) will remain on the board of the combined business.
The Baker McKenzie team was led by Private Equity Partner, Justin Hutchinson, with support from Private Equity Associates Angus Duncan, Emma Burton and Francesca Cohen. The team also included Debt Finance Partner, Nick O'Grady; Tax Partner, Natalie Dunne; and Antitrust & Competition Partner, Anthony Gamble.
Commenting on the deal Justin Hutchinson, said: "We're proud to have supported One Equity Partners and Trustmarque on this transformative transaction, which brings together two highly respected businesses in the UK technology services space. This deal highlights our strength in advising private equity sponsors and their portfolio companies on complex mergers and acquisitions, particularly in the technology and business service sectors."
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