LDC's South team leads DSP partnership transaction

By Tom Kilkelly

28 September 2023

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Private equity investor LDC. a firm that is also part of Lloyd's Banking Group, is partnering with loud and applications managed service provider DSP as it targets international growth.

The transaction was led by LDC's South team, a branch of the firm based in Reading.

DSP is an Enterprise Data and Cloud Platform specialist that manages high performance database and IT infrastructure with market leading expertise and capabilities in Oracle, SQL Server and Multi-Cloud technologies.

With LDC’s support, DSP will further expand its customer offering through continued investment in its team. It will also further enhance its product and services capability, both in the UK and new international markets, with its acquisitive growth strategy targeting expansion into North America and Europe.

Simon Goodenough, CEO at DSP, said: “From early on, LDC’s technology expertise and management-led approach were clear to see. They took the time to understand our business and our ambition for the future, drawing on their experience of helping technology businesses scale.”

“We’ve grown significantly in recent years, both organically and by bringing fantastic, complementary businesses into the DSP family, which has helped us broaden our customer offering and service capabilities.''

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The transaction is expected to complete in early October 2023.

LDC has a successful track record in the technology sector. Since 2012, it has invested over £650 million into more than 35 fast growing technology businesses.

Chris Baker, Investment Director at LDC, said: “DSP is an excellent business with a distinct people- first culture centred on delivering the best possible outcomes for customers. Oracle is the global leader in database technologies with exciting levels of innovation and adoption within its Cloud Platform and OCI products.''

“As the UK’s leading Oracle Cloud managed services provider, DSP is uniquely positioned to further enhance its customer offering and scale globally. We are excited to support Simon and the team in delivering DSP’s next phase of growth”.

By Tom Kilkelly

Tom Kilkelly started working as a freelance journalist for The Business Magazine following his graduation from UCL in 2022.

During his studies Tom became very interested in the works of Irish authors including Samuel Beckett and Flann O'Brien (Brian O'Nolan).

His current role as a freelance business reporter is his first exposure to the world of business journalism. Working at TBM has given Tom the chance to really get to grips with the goings-on in the business hive that is the South East.