Reading digital services provider secures multi million pound investment

Published by

Nicky Godding

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.

LDC was advised by James Cowper Kreston, Shoosmiths, Armstrong Transaction Services and BDO.

Foundation SP was advised by PwC, Gateley Legal and Frazer Hall

Nicky Godding

Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe. After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts. She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.