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Vista Retail Support: Investment supporting IT services

Secondary buyout provides ongoing private equity support to Cardiff-based provider to the retail sector.

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Sector
  • Retail & consumer
  • Technology, Media, Telecoms

Vista Retail Support is a leading independent IT services company.

Deal type
  • Secondary buyout
Investment

£14m

Deal value

£30m

The Team
LDC Region

Vista Retail Support (Vista) is a leading independent IT services company, providing in-store technology and specialist support to some of the biggest names in retail, hospitality and leisure in the UK and Europe.

The Cardiff-based firm helps to maintain critical infrastructure and high levels of customer service for businesses such as Lloyds Pharmacy, Monsoon and Odeon Cinemas, as well as enabling innovation in cutting-edge payment technologies, robotics, virtual reality applications and artificial intelligence.

Funding growth

Vista chose to partner with LDC in October 2017 and secured a £14m investment to help accelerate its growth strategy and fund new acquisitions. The deal valued the business at almost £30m.

The deal enabled the firm’s existing backers WestBridge Capital and Octopus Investments to exit their investment.

LDC took a significant stake in the business, while the management team increased its shareholding and continued to drive the business forward.

Expanding opportunities

With its total market opportunity growing due to the increase in technology in retail estates, the partnership with LDC is supporting Vista’s ongoing growth strategy, both at home and abroad. This includes funding for potential acquisitions and helping the business expand into new sectors.