M&A Deal Summary

Lloyds TSB Development Capital Acquires Wifinity

On September 15, 2021, private equity firm Lloyds TSB Development Capital acquired communications company Wifinity

Acquisition Highlights
  • This is Lloyds TSB Development Capital’s 4th transaction in the Communications sector.
  • This is Lloyds TSB Development Capital’s 257th transaction in the United Kingdom.
  • This is Lloyds TSB Development Capital’s 1st transaction in Kansas.

M&A Deal Summary
Date 2021-09-15
Target Wifinity
Sector Communications
Buyer(s) Lloyds TSB Development Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Wifinity

Kingston upon Thames, Kansas, United Kingdom
website
Wifinity specialises in providing reliable, high-speed broadband to customers on campuses and other multi-dwelling sites, such as student and key worker accommodation and holiday parks. Wifinity is founded in 2007 and based in Kingston upon Thames, United Kingdom.

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Buyer(S) 1

Buyer

Lloyds TSB Development Capital

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1981
PE ASSETS 2.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Lloyds TSB Development Capital Ltd (LDC) is the private equity arm of Lloyds Banking Group Plc and invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. Lloyds TSB Development Capital Ltd was formed in 1981 and is based in London.

DEAL STATS #
Overall 265 of 292
Sector (Communications) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 107 of 107
State (Kansas) 1 of 1
Country (United Kingdom) 257 of 282
Year (2021) 14 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 SMH Fleet Solutions

Worcester, United Kingdom

SMH Fleet Solutions is a provider of fleet management services including delivery, preparation, refurbishment, and remarketing of vehicles to a broad range of blue chip automotive manufacturers, rental and leasing specialists. SMH Fleet Solutions was founded in 2003 and is based in Worcester, United Kingdom.

Sell £70M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-27 Aker

Bicester, United Kingdom

Aker designs, builds, and operates ultra-secure public cloud data environments for large private and public sector clients. Its delivery model integrates architecture blueprints, proven cloud technology, pre-built code components and finely honed professional services. Companies proprietary technology solutions drive performance and reduce cost while helping its clients to improve the management and sharing of data across their organizations. Aker was founded in 2016 and is based in Bicester, United Kingdom.

Sell -
Mergr

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Company

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