LDC’s Reading office has been recognised at the South East Dealmakers Awards, with the team’s investment in ByBox scooping Deal of the Year.
The judges said the deal was “an exceptional story, being a technology business that had attracted such high-value investment and, with the opening of a new technology hub one that would have a positive impact on the South East business landscape”.
LDC originally provided £37.5million of acquisition and development capital in August 2016 to accelerate the international growth of ByBox, in a deal that valued the business at £105million.
So far this year, the team has also injected £16million to support the national rollout of leading hair and beauty brand, Rush. This follows a busy 2016, where the team also completed multimillion pound investments in CIPHR, and completed the sale of Property Software Group to one of the UK’s fastest growing digital platforms, Zoopla. It also supported acquisitive growth within its portfolio, completing two international deals in Germany and UAE.
It’s this kind of momentum that demonstrates the strength of our proposition, and the outstanding performance of our portfolio businesses and the management teams behind them.