The business delivers connectivity solutions from leased lines to complex, multi-site networks across the UK.
Metronet (UK) is an internet services provider combining innovative wireless technology with traditional fibre.
LDC invested £11million in Metronet in 2012 to accelerate the business’s growth by expanding the capabilities and reach of its hybrid network across the UK, as well as make further investment in its infrastructure and services.
Since LDC backed the management buy-out, revenue at the business has grown by 98%, while EBITDA has risen by 83% over the same period.
In 2014 exited its investment in Metronet (UK) through a £45million secondary buy-out backed by ISIS Equity Partners, representing a 4x money equity return on its equity investment.
In LDC, we now have a single institutional investment partner who has the confidence and expertise to take the business forward with us. Their backing is testament to the strength of the company we’ve built over the last nine years – the quality of our team and our service. It is also excellent news for our customers who will benefit from increased investment in the business, enabling us to continue to meet their increasing requirements. CEO, Metronet