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The team at LDC has played a big part in our success in recent years, not only helping with our M&A strategy and the acquisition of VTT, but providing invaluable support and guidance along the way. We feel we’re now well set up for our next phase of growth, and we look forward to working closely with Lifco to deliver it.”

Marshall Haldane,
CEO, Cardel

Matt Newbold, Investment Director at LDC, added: “Cardel is a business that continues to be at the forefront of innovation, both within the card payment and secure documentation markets. It is a true market leader in this space and the ever-critical area of identity security, supplying technology that keeps people’s identity and assets safer. We know Marshall and his team will continue to lead this niche global market, and we wish them every success for the future.”

LDC was advised by Freeths (legal), KPMG (corporate finance) and BDO (financial due diligence) in Birmingham.