NBS: Partnering for growth
Executive Chairman Colin Smith and his management team at NBS, the leading technology platform for the construction sector, secured investment from LDC in 2018 to drive the firm’s international expansion. During our partnership, NBS expanded its presence internationally, opening new permanent bases in both Australia and Canada, and completing two acquisitions in Australia.
Colin explains: “Our partnership with LDC both transformed our business and supercharged our growth. They backed our ambition to expand internationally and invested in our technology development, helping us to meet our objectives sooner than expected despite the uncertainty in the market.”
In 2020, NBS chose to join Byggfakta Group, a leading data and software provider to the European construction industry, to continue their international journey.
International expansion can be much less daunting when looking to acquire rather than starting from scratch in a new geography; providing boots on the ground and a ready-made team with local knowledge and experience.
Fishawack Health: £18.5m follow on funding
Oliver Dennis, CEO of Fishawack Health agrees: “We wanted to increase the range of healthcare communications services that we can offer to commercial and medical affairs teams internationally, and with the financial and strategic support of the team at LDC we have been able to do just that.”
Fishawack made a series of five overseas acquisitions supported by £18.5m of LDC follow-on funding during our three-year partnership. This helped the business to grow internationally and increase revenues by 300 per cent.
With the financial and strategic support of LDC we have been able to set the wheels in motion on our ambitious expansion plans.”Oliver Dennis, CEO
Texthelp: Delivering growth
LDC also exited its investment in education and corporate software specialist Texthelp in 2020, following a period of significant growth for the business, which included expanding its footprint across North America and the launch of transformative new products.
Our partnership with LDC helped us go further, faster. The team believed in the potential of our business, and our ability to deliver on our plans. They provided the investment, support and expertise to help us accelerate a truly differentiating digital transformation in a relatively short space of time.”Martin McKay, CEO