LDC backs IT specialist Littlefish
2 Apr 2019
Our partnership with LDC will allow us to do just that. The LDC team is committed to our ongoing journey and their flexibility, strategic expertise and financial support will help accelerate our growth plan. Their considered approach, and comprehensive understanding on what we want to achieve made LDC the right fit for us and we’re looking forward to working with them as we continue to take our market-leading services to more customer
The transaction was led by Investment Directors David Bains and John Green at LDC in Nottingham.
David Bains, Investment Director at LDC, said: “Since Graham, Steve and Richard acquired Littlefish in 2010 they have diversified and transformed the business. Its year-on-year growth demonstrates the strength of the proposition they have developed, as well as their unwavering focus on quality and customer service. They have built an enviable offer and despite the firm’s success so far, Littlefish is still only at the beginning of its journey.
“We know the business well and the ambition, drive and vision the team has demonstrated over the past eight years is exactly what we look for in a management team. It’s an exciting time for Littlefish and we’re looking forward to supporting the next stage of the company’s development.”
Debt facilities were provided by HSBC to support the transaction.
LDC was advised by Gateley PLC (legal), BDO (tax), RSM (financial due diligence), Armstrong (commercial due diligence) and Silxo (IT due diligence).
Littlefish was advised by Clearwater International, Browne Jacobson (legal) and KPMG (tax).