We had the choice of a number of options for investment, but we have built a strong relationship with LDC who share our vision for the business and can provide the right balance of support, experience and contacts to help us deliver.”Ricky Nicol, CEO
Our investment is helping the team to build on the success of the business in recent years and bring its super-fast and resilient connectivity to more organisations across Scotland and the UK.
As part of the transaction, telecoms expert John Trower joined Commsworld as Chairman. John has significant experience of working for and advising private equity backed telecoms businesses and has held board roles at Metronet UK and Glasgow-based My1Login.
The deal provided an exit for the remaining Non-Executive Directors and private shareholders.
In January 2020 Commsworld was unveiled as one of the best-performing privately-owned technology companies in the UK, ranked 27th out of 50 peers, at the Megabuyte50 Awards.
Best-performing privately-owned technology companies (placed 27th)