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Deal Information

In August 2009, LDC backed the management team of 1st - The Exchange as part of a £115million transaction. LDC invested £42million to purchase a controlling stake in the company.

1st - The Exchange provides a market-leading integrated suite of technology solutions, software and consultancy to the financial services industry throughout the UK.

Based in Cheltenham, Warwick and Woking it supports the key stages of a distributor’s business process, whatever its size and enables users to service their clients more efficiently and profitably, whilst meeting regulatory demands, reducing costs and maximising profits.

Targeting the UK financial services industry, the company
is the largest provider of online comparative quotations and electronic new business applications, has approximately 27,000 registered users and has processed 185 million client illustrations over its online information and transaction services since January 2008 and develops, markets and supports market leading software delivering financial planning, client management and full back office administration to more than 1,600 adviser firms.