Case study

Lucid Group: Supporting growth at ‘Consultancy of the Year’

Minority investment supports buy and build and international expansion at leading healthcare communications specialist.

View case study details arrow down light grey
Sector
  • Healthcare
  • Technology, Media, Telecoms

Lucid Group is a global family of healthcare communication companies.

Employees: 100+

Deal type
  • Development capital
Deal value

£11m

Lucid Group is an industry-leading healthcare communications specialist. In its aim to drive better disease and patient management, Lucid provides medical education, medical communication, strategic consultancy and digital services to its clients.

Founded in 2007 by Jan Steele and Dennis O’Brien, who both still continue to lead the business, the group comprises of five ‘family members’: Bluedog, Leading Edge, Lighthouse, Lucid Partners and ViVid.

Buy and building for the future

Lucid Group Communications secured an £11m minority investment from LDC in June 2017. The investment has enabled the management team to develop infrastructure that will support the rapid growth of the business and drive its acquisition plans.

The first acquisition of a company came in February 2019, when Lucid welcomed creative and digital consultancy Bluedog into the Group. Then, just six months later, Lucid Group announced its latest acquisition, welcoming colleagues from Healthcare consultancy HEALTHCARE 21.

What’s more, the investment has helped the team’s international expansion, building on the presence of the business in the US as well as expanding into new markets such as Singapore and Dubai.

We felt the time was right to bring on board a strategic partner, and in LDC we have an experienced investor with a strong track record in the healthcare sector. From the outset, they have had a flexible approach to the investment, structuring the deal on terms that worked for us.”
Dennis O’Brien, CEO
Lucid

Communicating success

In 2018, Lucid Group was named Communications Consultancy of the Year and Medical Educations Consultancy of the Year at the Communiqué Awards, which celebrates exceptional healthcare communications work. Lucid won the latter award again in 2019.

Cutting-edge future

With LDC’s support, Lucid is growing at a rapid pace as it seeks to provide its clients with cutting-edge editorial expertise, a wide breadth of knowledge and international experience.

We are committed to backing Lucid’s management as it continues its ambitious growth journey.

Awards

Medical Consultancy of the Year

Communiqué Awards 2018 & 2019

Communications Consultancy of the Year

Communiqué Awards 2018