We had the choice of a number of options for investment, but we have built a strong relationship with LDC who share our vision for the business and can provide the right balance of support, experience and contacts to help us deliver.”Ricky Nicol, CEO
“LDC’s investment is a real signal of our intent to further invest in our offering and capacity so we can continue to disrupt the market. Rest assured, we’ll be targeting another year of double-digit growth.”
LDC was advised on the transaction by a team from the Edinburgh offices of EY (corporate finance and debt advisory) and Pinsent Masons (legal). The Commsworld management team was advised by Oakley Advisory.
Notes to Editors
- LDC is the private equity arm of Lloyds Banking Group and is authorised and regulated by the Financial Conduct Authority.
- LDC backs ambitious management teams from UK-based medium sized companies seeking up to £100m of investment to fund management buyouts or development capital transactions.
- LDC invests in a broad range of sectors and has particular experience in Healthcare, Industrials, Retail & Consumer, TMT, Travel & Leisure, Support Services, Construction & Property and Financial Services.
- LDC has a UK regional network with locations in Aberdeen, Birmingham, Bristol, Cardiff, Edinburgh, Glasgow, Leeds, Newcastle, London, Manchester, Nottingham and Reading.