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The help of the team at LDC, who have a proven track record of supporting technology and services businesses like ours, will be invaluable as we continue to invest in our offering and take the business to the next level.”

Simon Toplass, Co-founder and CEO
The 55 Group

Dan Smith, Partner and Head of Yorkshire at LDC, added: “The 55 Group is a great example of a fast growing Yorkshire business led by a hugely ambitious team. It represents LDC’s third investment in the region in just under 12 months, underlining our commitment to supporting the best businesses in Yorkshire. It is also another example of the strength of our leading software and data credentials in the built environment space, where we continue to see a shift towards more digital ways of working and an increased focus on ESG.”

Will Scales, Investment Director, added “We are delighted that Simon and team have chosen LDC as their partner to support the delivery of The 55 Group’s next phase of growth. The quality of The 55 Group’s offering and technology in supporting sustainable and compliant practices is unique and we are excited about what the future holds for the business as it continues to invest in its people, products and services.”

LDC has a successful track record in the technology sector. Since 2012, the firm has invested over £650m into more than 35 fast growing technology businesses, backing management teams to achieve their ambitions. LDC’s current portfolio includes a diverse range of technology businesses such as Uinsure, the cloud-based technology platform; The Building Cost Information Service (BCIS), the leading provider of cost and carbon data to the UK built environment; and Sedex, the market-leading sustainability data and technology provider.

The 55 Group was advised by Rothschild (Stephen Griffiths), Addleshaw Goddard (Richard Hunt and Peter Wood), Graph Strategy (James Tetherton) and KPMG FDD. Management were advised by Park Place (Richard Firth).

LDC was advised by KPMG (Ben Taylor), Squire Patton Boggs (Paul Mann and David Milne), DSW FDD (Jonathan Steed), PMSI (David Crout), Better Faster Growth and Catalysis.

HSBC, advised by DLA Piper, provided financing and working capital facilities to support the transaction.