LDC Takes Minority Growth Stake in Aspire Technology Solutions

LDC-backed Aspire Technology Solutions Acquires CloudCoCo Limited

November 1, 2024

IT Services

Aspire Technology Solutions, backed by private equity firm LDC, has acquired Leeds-based managed service provider CloudCoCo Limited. The add-on expands Aspire's UK footprint and service capabilities—adding over £10 million of revenue, ~300 customers and a skilled team to strengthen managed IT, cloud, unified communications and cybersecurity offerings.

Aspire Technology Solutions Acquires Cloud Cover IT

January 4, 2024

IT Services

LDC-backed Aspire Technology Solutions has acquired Glasgow-based managed service provider Cloud Cover IT. The deal expands Aspire's presence in Scotland and will see Cloud Cover IT's software and business applications division rebranded as "Flyte," while integrating the firm's managed services and development capabilities into the Aspire group.

LDC Makes Minority Investment in Aker Systems

July 20, 2020

Cloud & SaaS

LDC, the UK mid-market private equity firm, has taken a minority stake in Aker Systems to support the company's R&D and growth as it expands its secure cloud data platform and managed services for large public- and private-sector organisations. Financial terms were not disclosed; LDC will join Aker Systems' board and back the existing management team.

LDC Makes Minority Growth Investment in Cellhire

June 29, 2022

Telecommunications

Mid-market private equity firm LDC has made a significant minority (growth-capital) investment in Cellhire to support the company’s global expansion and development of its IoT, eSIM and SIM management capabilities. LDC will back the existing management team as Cellhire looks to scale its Atlas billing and SIM management platform and expand its M2M/IoT offerings across multiple international markets.

NEC Acquires Aspire Technology

July 1, 2022

Telecommunications

NEC Corporation agreed to acquire Aspire Technology Unlimited Company, a Dublin-based network solutions and systems integration firm, to strengthen NEC Open Networks' Open RAN and systems-integration capabilities. The acquisition adds expertise in designing and integrating legacy and open networks (2G–5G) and expands NEC’s capacity to serve global operators with end-to-end Open RAN ecosystems.

LDC Invests £25m Minority in CTI Group

March 3, 2022

Marketing & Advertising

LDC has made a £25 million minority growth investment in Manchester-based digital agency CTI Group to support the company's acquisitive growth and international expansion. CTI, which employs around 175 people and reported c. £18m revenue in the last 12 months, will use the capital to expand services, pursue add-on acquisitions in the UK and overseas, and open new offices in the USA, Europe and Asia.