Investment Summary

Lloyds TSB Development Capital Invests In The Barrister Group

On May 30, 2023, private equity firm Lloyds TSB Development Capital invested in business services company The Barrister Group

Investment Highlights
  • This is Lloyds TSB Development Capital’s 27th transaction in the Business Services sector.
  • This is Lloyds TSB Development Capital’s 274th transaction in the United Kingdom.

Investment Summary
Date 2023-05-30
Target The Barrister Group
Sector Business Services
Investor(s) Lloyds TSB Development Capital
Deal Type Growth Capital

Target

The Barrister Group

London, United Kingdom
website
The Barrister Group is an umbrella group for legal brands including Clerksroom Chambers and Clerksroom Direct, which uses its innovative proprietary Chambers365 management software to give barristers choice over their working patterns. It offers flexibility to practitioners by enabling them to operate on a remote basis without the need for physical chambers. The Barrister Group is based in London.

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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 284 of 292
Sector (Business Services) 27 of 28
Type (Growth Capital) 86 of 92
Country (United Kingdom) 274 of 282
Year (2023) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-24 Idwal

Cardiff, United Kingdom

Idwal is a provider of tech-enabled inspection services for the global commercial shipping sector. Idwal provides specialist asset condition and integrity inspection services, fleet monitoring and data services for customers across the marine industry. Idwal is based in Cardiff, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-12 Msq Partners

London, United Kingdom

Msq Partners is an international group of creative agencies offers a broad range of marketing communications and related digital transformation and creative service offerings for consumer and B2B businesses, such as advertising, public relations, design, brand strategy, direct digital marketing and research. Msq Partners was founded in 2011 and is based in London, United Kingdom.

Sell -
Mergr

Product

Company

Legal