IK Partners, a European private equity firm, completed the acquisition of Ipsum Group, a provider of specialist infrastructure services to highly critical assets within the UK power and water markets, from Aliter Capital, a private equity firm in London. Financial terms were not disclosed. "We strongly feel that a partnership with IK will help us develop further and achieve growth by scaling and refining operations, while continuing to pursue a successful M&A strategy. For the past six years, we have been ably supported by Aliter Capital and we thank them for all their efforts. We look forward to working with the team at IK and are excited to see where this partnership will take us," Richard Thomas, Ipsum CEO.