LDC Makes Minority Growth Investment in Foundation SP (FSP)

LDC Invests in DSP to Drive International Growth

September 26, 2023

IT Services

LDC, the private equity arm of Lloyds Banking Group, has acquired DSP, a UK-based Oracle-focused database, cloud and applications managed service provider, in a deal that marks an exit for YFM Equity Partners. The investment will support DSP’s international expansion into North America and Europe and further build its product and service capabilities; DSP reports circa £30m revenue and around 200 employees across the UK and Ireland.

FSP Consulting Services Acquires Savanti Limited with Investment from CBPE and LDC

March 1, 2023

Cybersecurity

Reading-based FSP Consulting Services Limited has acquired London-based cyber security consultancy Savanti Limited. The deal was completed alongside new investment into FSP from private equity firms CBPE and LDC to support FSP’s expansion and further M&A; Savanti’s management will take shareholder and leadership roles in the enlarged group.

Pricoa Private Capital Takes Minority Stake in SPS Group; LDC Exits

April 7, 2022

Staffing & HR

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.

LDC Takes Minority Growth Stake in Aspire Technology Solutions

March 16, 2022

IT Services

LDC has made a minority growth investment in Aspire Technology Solutions in a deal that values the business at £85 million. The investment will support Aspire's organic growth, acquisition strategy and expansion of its managed IT, cloud and cyber security services across the UK; Aspire employs more than 200 people and recently opened its HQ in Gateshead.

LDC Makes Minority Growth Investment in IEG4

November 26, 2021

Software

LDC has completed a minority growth investment in IEG4, a software company headquartered in Alderley Edge, Cheshire that builds digital service platforms for public sector organisations. The funding will back Managing Director Paul Tomlinson and the existing management team to invest in new product development, expand the development team and drive scale and growth.

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.