Pricoa Private Capital Takes Minority Stake in SPS Group; LDC Exits
April 7, 2022
UK-based Pricoa Private Capital (part of Prudential Financial Inc.) has taken a significant minority stake in SPS Group (Specialist People Services), providing an exit for existing private equity investor LDC. The minority investment will support SPS's organic growth in the UK and Australia and enable strategic acquisitions and international expansion; LDC realizes a 2.9x money multiple on its investment.
- Buyers
- Pricoa Private Capital (part of Prudential Financial Inc.)
- Targets
- SPS Group (Specialist People Services)
- Sellers
- LDC
- Industry
- Staffing & HR
- Location
- United Kingdom
- Transaction Type
- Growth capital
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