LDC backs WCCTV with £30m minority investment
1 Mar 2021
With LDC’s backing we have an opportunity to scale at pace, further enhance our product range and extend our footprint both in the UK and overseas.”
Dale Alderson, Head of the North West at LDC, said: “The team at WCCTV has successfully built a business in a high-growth market, with a truly customer-centric product range that has supported its growth in the UK and America. With our support, the business has the perfect platform to grow even further by adding new innovations and specialisms to their range. We’re excited to partner with them at this key stage in their journey.”
Tim Williams was previously named one of the UK’s Top 50 Most Ambitious Business Leaders, as part of LDC’s Top 50 Most Ambitious Business Leaders programme.
In the past six months alone LDC’s North West team has completed three new investments and supported four successful exits. The investment in WCCTV, follows the recent investments in digital learning provider Omniplex and the Cheshire-headquartered manufacturer of accessories for light commercial vehicles, Rhino Products. In September last year, the team also provided LDC portfolio company MSQ Partners with £6million of follow on funding to support its £20.6million acquisition of the Be Heard Partnership.
LDC was advised by KPMG and Squire Patton Boggs. EY provided financial due diligence, CIL provided commercial due diligence and Intechnica provided technical due diligence.
WCCTV was advised by GCA Altium and Addleshaw Goddard.