Cellhire secures investment for growth from LDC
Our team has worked incredibly hard over the last couple of years to strengthen our range of products and services. With LDC’s support we’re now at an exciting stage of our journey to broaden our proposition through technology and service.”Tim Williams, Chairman
Dan Smith, Partner and Head of Yorkshire at LDC, added: “We are excited to be backing Tim, Martyn and their team. They are at the forefront of innovation in the sector and we see there is huge scope to grow the business particularly as the business develops its IoT offering and the market opens up to a growing number of use cases. We’re looking forward to supporting them as they continue to expand their proposition across the world.”
This investment marks the LDC Yorkshire team’s sixth transaction in the last twelve months. These include investments in BCIS, a cost benchmarking and valuation platform for the construction industry, and Texecom, a manufacturer of electronic security products and services.
LDC is a leading investor and supporter of technology, media and telecoms firms in the UK. It has provided more than £1.3bn of investment to over 130 businesses in the sector.
Tim Williams was named one of the UK’s Top 50 Most Ambitious Business Leaders in 2020.
Cellhire was advised by KPMG, CiL and Addleshaw Goddard.
LDC was advised by Alantra, Squire Patton Boggs, Strategy& and Grant Thornton.