LDC Invests in Cakesmiths

Onoré Acquires Cakesmiths from LDC

December 15, 2023

Food & Beverage

French bakery group Onoré (formerly Boncolac), backed by private equity firm Waterland, has agreed to acquire Bristol-based artisan cake manufacturer Cakesmiths from LDC. The deal sees LDC exit after a two-year partnership in which Cakesmiths nearly trebled revenue and grew headcount to more than 200 employees; the acquisition will support Onoré's plans to expand its European footprint.

LDC Backs Bespoke Kitchen Foods with Growth Investment

September 1, 2025

Food & Beverage

LDC, the UK mid-market private equity firm, has made an investment in Bespoke Kitchen Foods to support the company's organic and acquisitive growth plans. Bespoke, a Coalville-based manufacturer of vegetarian and vegan products for pubs, restaurants and foodservice wholesalers, will use the capital to expand capacity and enter new segments including high-street casual dining.

LDC Invests in Creative ITC to Support Global Growth

August 1, 2024

Cloud & SaaS

LDC has made a significant minority growth investment in Creative ITC, the London‑headquartered cloud service provider for the AEC sector, to support the company’s organic and acquisitive expansion. The funding will accelerate market expansion, product capability development and enable complementary acquisitions while LDC partners join the board.

LDC Backs Littlefish with Minority Investment

April 2, 2019

IT Services

Mid-market private equity investor LDC has made a minority growth investment in Nottingham-headquartered managed IT services provider Littlefish. The funding will support Littlefish's organic growth and capability expansion (including cyber security) while management (Graham Gilbert, Steve Robinson and Richard Roome) remain majority shareholders; HSBC provided debt facilities.

LDC Invests £22.5m in Marmalade Game Studio

September 28, 2021

Media & Entertainment

Mid-market private equity firm LDC has completed a £22.5m investment in Marmalade Game Studio to back the management team's growth strategy and support new game development and hiring. The transaction delivers an exit for investor Bloc Ventures and provides Marmalade with capital and board support to scale product development across its London and Lisbon studios.

LDC Invests £13m in Hybrid

June 21, 2021

Marketing & Advertising

LDC, the private equity arm of Lloyds Banking Group, has invested £13 million in Bristol-based digital media and marketing agency Hybrid to support organic growth and enable targeted acquisitions. Hybrid, which serves higher education institutions and global technology brands and employs more than 70 people across offices in Bristol, Kuala Lumpur and Sydney, will retain its management team while founder James Craven remains as a Board Director.