Investment Summary

Lloyds TSB Development Capital Invests In IEG4

On November 26, 2021, private equity firm Lloyds TSB Development Capital invested in internet software and services company IEG4

Investment Highlights
  • This is Lloyds TSB Development Capital’s 14th transaction in the Internet Software and Services sector.
  • This is Lloyds TSB Development Capital’s 259th transaction in the United Kingdom.

Investment Summary

Date 2021-11-26
Target IEG4
Sector Internet Software and Services
Investor(s) Lloyds TSB Development Capital
Deal Type Growth Capital

Target

IEG4

Cheshire, United Kingdom
IEG4 develops innovative software solutions that enable public sector organisations to deliver better and more streamlined digital services to their customers. IEG4 is founded in 2006 and based in Cheshire, England.

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Investor(S) 1

Investor

Lloyds TSB Development Capital

London, United Kingdom

Investor Investor Investor Investor Investor


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 268 of 298
Sector (Internet Software and Services) 14 of 18
Type (Growth Capital) 74 of 98
Country (United Kingdom) 259 of 287
Year (2021) 17 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 Mandata

Newcastle Upon Tyne, United Kingdom

Mandata is a provider of software that allows road transport operators to manage workflow and data more effectively. Its transport management software integrates a suite of end-to-end products, including traffic planning and management, tracking, telematics and invoicing. Mandata was founded in 1974 and is headquartered in Newcastle Upon Tyne, United Kingdom.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 SRL Traffic Systems

Cheshire, United Kingdom

SRL Traffic Systems is a manufacturer and provider of portable and temporary traffic equipment. The company boasts a nationwide network of 26 depots. It has the industry’s widest range of temporary pedestrian and traffic light systems and is the UK market leader in the sale and hire to the traffic management sector. SRL Traffic Systems was founded in 1997 and is based in Cheshire, United Kingdom.

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