Chris Morris, Investment Director at LDC, said: “We’ve enjoyed getting to know Simon and his team over the past 16 months, familiarising ourselves with their business and ambitions for the future. The business has an impressive growth plan and a highly experienced team, and we knew FSP was a firm we wanted to back. We’re excited to help them become a recognised and industry-leading digital transformation brand.”
LDC recently partially exited communications and cyber security serviced provider Babble, in a deal that valued the business at £90million, following a successful buy and build strategy including four bolt-ons in 2020 alone.
This transaction also marks the LDC South team’s third new deal of the year, following investments in James & James in March and Aker Systems in July.