LDC Acquires Sohonet from FPE Capital

Sohonet Acquires Exchange Communications

January 15, 2020

IT Services

Sohonet, a portfolio company of FPE Capital, has acquired Exchange (Exchange Communications), a US-based IT and telecom provider to the film, episodic and advertising production industry. The bolt-on expands Sohonet’s on-set production services and enables Sohonet to roll Exchange’s production connectivity and remote-production communications into new geographies including Canada and the UK.

LDC Backs Management Buyout of Phoenix Datacom

February 26, 2021

Cybersecurity

LDC has backed a management buyout of Buckinghamshire-based network performance and security specialist Phoenix Datacom, partnering with the company’s management team led by John Carson. The investment will fund expansion of Phoenix Datacom’s hardware, software and services offerings, support growth (the company reported revenue of more than £20m for FY ending March 2020) and enable the team to pursue complementary acquisitions.

LDC Invests in Etrading Software

December 12, 2022

Financial Services

LDC, the private equity arm of Lloyds Banking Group, has made a significant growth investment in London‑headquartered capital markets technology firm Etrading Software to support international expansion and the development of its data and market‑infrastructure capabilities. The deal backs the existing management team led by founder and CEO Sassan Danesh; LDC directors Joseph Fison and Alex White will join the board and Emanuel Mond has been appointed Chairman.

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.

LDC and Ares-backed Credit Funds Provide £100m to Onecom

July 22, 2019

Telecommunications

LDC, alongside credit funds managed by an affiliate of Ares Management, has provided a £100 million financing package to Onecom to support organic growth and acquisitive expansion. Onecom, headquartered in Fareham, Hampshire, serves nearly 100,000 business customers across fixed-line voice, connectivity and cloud services and employs around 400 people; the funding will be used to scale the team, upgrade systems and pursue acquisitions.

Onecom Acquires Olive Communications

February 11, 2021

Telecommunications

Onecom, backed by LDC, has acquired rival Olive Communications to create the UK's largest B2B mobile, fixed-line and cloud communications specialist. The deal consolidates market share, brings combined annual turnover of more than £140m and follows follow-on funding from LDC while growth investor BGF exits its stake in Olive.