M&A Deal Summary

LDC Acquires Ascend Worldwide

On January 19, 2005, private equity firm LDC acquired aerospace company Ascend Worldwide for 10M GBP

Acquisition Highlights
  • This is LDC’s 2nd transaction in the Aerospace sector.
  • This is LDC’s 61st largest (disclosed) transaction.
  • This is LDC’s 26th transaction in the United Kingdom.
Investment Fate
  • Ascend Worldwide was sold to a strategic buyer in 2011.

M&A Deal Summary

Date 2005-01-19
Target Ascend Worldwide
Sector Aerospace
Buyer(s) LDC
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 10M GBP

Target

Ascend Worldwide

London, United Kingdom
Ascend is the world’s leading provider of specialist information and consultancy solutions to the global air transport industry.From aircraft manufacturers to operators, financiers, lessors and suppliers, the aviation industry relies on Ascend to help make informed decisions and capture new opportunities.

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Buyer(S) 1

Buyer

LDC

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 3.9B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LDC is the private equity and investment arm of Lloyds Banking Group. LDC 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. LDC was formed in 1981 and is based in London.


DEAL STATS #
Overall 28 of 311
Sector: Aerospace M&A 2 of 7
Type: Buyout (LBO, MBO, MBI) M&A Deals 21 of 107
Country: United Kingdom M&A 26 of 299
Year: 2005 M&A 2 of 9
Size (of disclosed) 61 of 69
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-19 Airclaims

London, United Kingdom

Airclaims provides aviation consultancy, aircraft valuations and claims management services to the global aerospace industry.

Buy £10M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-18 Ring Automotive

Leeds, United Kingdom

Ring Automotive Ltd. provides lighting and electrical parts for transport and automotive companies, and operates three divisions – Ring, Van-line, and BMAC. Ring Automotive was founded in 1974 and is based in Leeds, United Kingdom.

Buy $12M