Investment Summary

Lloyds TSB Development Capital Invests In Hybrid

On June 21, 2021, private equity firm Lloyds TSB Development Capital invested in digital media company Hybrid

Investment Highlights
  • This is Lloyds TSB Development Capital’s 2nd transaction in the Digital Media sector.
  • This is Lloyds TSB Development Capital’s 252nd transaction in the United Kingdom.

Investment Summary
Date 2021-06-21
Target Hybrid
Sector Digital Media
Investor(s) Lloyds TSB Development Capital
Deal Type Growth Capital
Advisor(s) Sequence Advisers LLP (Financial)
Royds Withy King LLP (Legal)

Target

Hybrid

Bristol, United Kingdom
website
Hybrid is a global influencer that works with clients to influence relevant audiences in higher education and tech using design, data, and storytelling expertise. The company is a group of journalists, digital strategists, creatives, and business minds that reach, influence, and grow specialist audiences. It connects change-making organizations with change-making individuals. Hybrid was formed in 2009 and is based in Bristol, United Kingdom.

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Investor(S) 1

Investor

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 260 of 292
Sector (Digital Media) 2 of 2
Type (Growth Capital) 67 of 92
Country (United Kingdom) 252 of 282
Year (2021) 9 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-14 Away Resorts

Hemel Hempstead, United Kingdom

Away Resorts is a holiday park owner and operator in the UK. It operates six major resorts in prime UK destinations, including Tattershall Lakes in Lincolnshire and Whitecliff Bay on the Isle of Wight, hosting almost 200,000 holiday-makers each year. Away Resorts was founded in 2007 and is based in Hemel Hempstead, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-28 PAM Group

Warrington, United Kingdom

PAM Group is an occupational health and wellbeing providers which offers a full-service of integrated occupational health programmes to clients which include leading blue-chip and public sector organisations, absence management, health surveillance, physiotherapy, employee assistance programmes, psychological support, corporate health assessments and neurodiversity assessments. PAM Group was founded in 2004 and based in Warrington, United Kingdom.

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Company

Legal