LDC exits transport software provider Mandata
7 Oct 2021
LDC’s local presence in the North East was important to our close working relationship with the team and it has been incredibly helpful to draw on their tech and software expertise. We now have a strong foundation in place to succeed in the next stage of our growth journey.”
Gareth Marshall, Head of LDC in the North East, added: “We’re proud to have helped an exciting North East business to grow by supporting strategic acquisitions and investing in its operations. With its ambitious and highly-skilled team, Mandata is a brilliant example of the innovative businesses we have here in the North East, and we wish everyone at the company the best for the future.”
Guy Gillon, Co-Founder and Joint Managing Partner of Tenzing, said: “Mandata’s mission critical software has never been more important to the supply chain. We’re super excited to work with Chris and the team to build on top of the strong foundations already in place, including a 94% customer retention rate and double-digit revenue growth. There’s a lot of potential in Mandata’s niche and we’ll be leveraging the full extent of our Growth Team to help Chris and team achieve our shared vision.”
The financial terms of the transaction are undisclosed.
LDC and Mandata were advised by KPMG (corporate finance), Muckle (legal), KPMG (financial due diligence) and Roland Berger (commercial due diligence).
Management were advised by Paul Kaiser (corporate finance) and UNW (tax).