The Connect management team is grateful for the support LDC has provided over the last five years. On every level it has been a very successful partnership and we are equally enthused by the possibilities for the newly merged business.”Alex Tupman, CEO
Connect Managed Services
Chris Coulton, Portfolio Director at LDC, added: “Alex and the management team have done a fantastic job of growing the businesses year on year since we first partnered with the firm back in 2014. They have delivered a clear growth plan having scaled the business through investment in research and development and establishing a greater presence in international markets through acquisitions. We look forward to watching G3 and Connect continue to grow in future.”
LDC and Connect were advised by HMT LLP and BDB Pitmans LLP.
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.