Talos360 marks next major milestone as it partners with LDC
19 Oct 2022
From day one, it was clear that LDC is an investment partner that backs management teams and supports their strategy, which is exactly how we want to work."
“I’m so proud of what we have achieved so far and there is no doubt that we have an incredible opportunity ahead of us. Our amazing team is brimming with ideas, and we’re looking forward to what we can bring to both existing and new customers. To have a partner that will add value and support us along the way is exactly what we were looking for.”
John Clarke, Investment Director at LDC, said: “Talos360 is a fantastic business and the management team’s strategy of putting its people and customers first has enabled them to build an enviable proposition within the market. There’s a real opportunity to build on this, enabling the business to support more customers with their talent strategies, and we’re looking forward to supporting Janette, Stephen and the wider team on their journey.”
LDC has a strong heritage of supporting the growth of HR SaaS businesses. The private equity firm successfully backed the growth plans of workforce management software specialist Mitrefinch, helping the management team to double revenues and increase employee numbers by 64 per cent during its four-year partnership. It also supported HCM software solutions provider CIPHR during a four-year partnership, helping the management team to double its headcount and drive a compound annual revenue growth of more than 25 per cent.
Janette Martin has recently been named one of LDC’s Top 50 Most Ambitious Business Leaders of 2022. This follows her being recognised as The Optima Talent Tech Leader of the Year at The TIARA Talent Tech Star Awards, where Talos360 was also awarded The Talent Tech Scale-Up Award in recognition of the company’s growth.
Houlihan Lokey (Dominic Orsini, James Grundy, Matt Doyle and Ben Levett-Dunn) both originated and acted as lead adviser on the transaction, providing corporate finance advice to Talos360. Legal advice was provided by Addleshaw Goddard.
LDC was advised by GP Bullhound (corporate finance) and DWF (legals).