ICG Acquires Lucid Group from LDC

Lucid Group Acquires HealthCare21

September 12, 2019

Healthcare Services

Lucid Group, backed by private equity partner LDC, has acquired HealthCare21, a 23-year-old healthcare communications consultancy. The add-on expands Lucid's scientific, editorial and digital capabilities and increases its footprint in the North West of the United Kingdom while supporting broader international reach.

LDC-backed Lucid Group Acquires Bluedog

February 14, 2019

Marketing & Advertising

LDC-backed Lucid Group has acquired creative and digital consultancy Bluedog to add digital design, motion graphics, video and web development capabilities to its medical communications offering. The deal is Lucid Group’s first acquisition under its LDC partnership and is intended to broaden the Group’s creative and digital capability to better engage healthcare audiences.

ICG Acquires Majority Stake in Lomond; LDC and Management Reinvest

December 2, 2024

Real Estate

ICG has invested in Lomond in a transaction in which LDC exits its original investment but will reinvest alongside ICG, founding Chairman Stuart Pender and Lomond management. The recapitalization provides capital to support Lomond's continued roll-up strategy and geographic expansion after the business grew from 600 to 1,900 employees and completed 65 acquisitions under LDC's ownership.

Cyderes Acquires Lucidum

December 16, 2025

Cybersecurity

Cyderes, a global managed cybersecurity services provider, has acquired Lucidum, a security data fabric and entity intelligence platform. The acquisition brings identity-aware data fabric capabilities into Cyderes’ portfolio to strengthen IAM, exposure management, and MDR offerings and accelerate AI-driven remediation and SaaS offerings.

Duff & Phelps Acquires Lucid Companies (Lucid Issuer Services, Lucid Agency & Trustee Services and Fluyd)

January 24, 2020

Financial Services

Duff & Phelps has acquired Lucid Issuer Services, Lucid Agency and Trustee Services and Fluyd to expand its securities solicitation, loan and bond trustee services presence in Europe and to add a proprietary technology platform for unlisted assets and credit products. The acquisition builds on Duff & Phelps’ 2019 expansion with Prime Clerk and strengthens its global business services offering.

ECI Partners Acquires Independent Governance Group (IGG)

October 30, 2024

Professional Services

ECI Partners has acquired Independent Governance Group (IGG), the UK provider of professional pensions trusteeship and governance services; LDC has exited its majority stake but has reinvested alongside ECI. Crescent Capital's European Specialty Lending strategy led the debt financing to support the transaction. IGG employs more than 200 people, serves 386 pension schemes with around £324bn of assets and will pursue further organic growth and acquisitions under ECI's ownership.