M&A Deal Summary

Lloyds TSB Development Capital Acquires Trustmarque

On August 12, 2006, private equity firm Lloyds TSB Development Capital acquired information technology company Trustmarque for 30M GBP

Acquisition Highlights
  • This is Lloyds TSB Development Capital’s 3rd transaction in the Information Technology sector.
  • This is Lloyds TSB Development Capital’s 39th largest (disclosed) transaction.
  • This is Lloyds TSB Development Capital’s 45th transaction in the United Kingdom.
Investment Fate
  • Trustmarque was sold to a consortium of financial buyers in 2013 for 43M GBP.
  • Trustmarque was sold to a strategic buyer in 2014.
  • Trustmarque was divested to a consortium of strategic buyers in 2016 for 57M GBP.
  • Trustmarque was divested to a consortium of buyers in 2022.

M&A Deal Summary
Date 2006-08-12
Target Trustmarque
Sector Information Technology
Buyer(s) Lloyds TSB Development Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 30M GBP

Target

Trustmarque

York, United Kingdom
Trustmarque is a specialized hardware and software reseller and provider of managed services in the UK. The Company works with an extensive network of more than 900 partners to find the most relevant and cost-efficient solutions for UK public sector, healthcare, and enterprise customers. Trustmarque was founded in 1987 and is based in York, England.

Search 198,123 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

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 49 of 298
Sector (Information Technology) 3 of 26
Type (Buyout (LBO, MBO, MBI)) 39 of 107
Country (United Kingdom) 45 of 287
Year (2006) 14 of 17
Size (of disclosed) 39 of 69
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-24 BigHand

London, United Kingdom

BigHand provides the workflow software, including integrated speech recognition technology, that makes the creation, distribution and processing of voice files more efficient and secure. BigHand was founded in 1995 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-28 Personal Touch Financial Services

Birmingham, United Kingdom

Personal Touch Financial Services Ltd. is a provider of products and services to the independent financial service market, with a network of over 2000 financial advisors across the UK offering independent finincial advice. Personal Touch Financial Services Ltd. was established in 1994 and is based in Birmingham, United Kingdom.

Buy -
Mergr

Product

Company

Legal