M&A Deal Summary

LDC Acquires Babble

On October 27, 2017, private equity firm LDC acquired information technology company Babble from Livingbridge

Acquisition Highlights
  • This is LDC’s 12th transaction in the Information Technology sector.
  • This is LDC’s 194th transaction in the United Kingdom.
Investment Fate
  • Babble was sold to a consortium of financial buyers in 2020 for 90M GBP.

M&A Deal Summary

Date 2017-10-27
Target Babble
Sector Information Technology
Buyer(s) LDC
Sellers(s) Livingbridge
Deal Type Secondary Buyout
Advisor(s) Springboard (Financial)
Taylor Wessing (Legal)

Target

Babble

London, United Kingdom
Babble is a specialist communications technology provider that supports around 2,000 medium-sized companies operating in a wide range of sectors including financial, health and education, travel and accommodation, and public services. Its integrated communications proposition enables clients to improve efficiency, enhance customer service, increase revenue, reduce costs, and remain secure in the digital world. Babble was founded in 2001 and is based in London, United Kingdom.

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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 202 of 311
Sector: Information Technology M&A 12 of 30
Type: Secondary Buyout M&A Deals 38 of 60
Country: United Kingdom M&A 194 of 299
Year: 2017 M&A 14 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-27 Vista Technology Support

Cardiff, United Kingdom

Vista Technology Support is an IT services company. Vista offers a range of EPOS and support services including hardware support and maintenance, building, cabling and installing EPoS systems and contact centre management. Vista Technology Support was founded in 1995 and is based in Cardiff, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Mini-Cam

Warrington, United Kingdom

Mini-Cam Ltd. is a producer of pipeline inspection systems. Mini-Cam was founded in 1991 and is based in Warrington, United Kingdom.

Sell -

Seller(S) 1

SELLER

Livingbridge

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 3.8B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Livingbridge is a UK-based investment group focused on investing in and growing mid-sized companies. The Firm targets businesses seeking £15 to £300 million of capital. Prospective companies should have 'ambitious mangement', scalable business models, and potential for market leadership. Sectors of interest include technology, media, communications, consumer products/services, healthcare, and education. Livingbridge was formed in 1995 and is based in London.


DEAL STATS #
Overall 65 of 102
Sector: Information Technology M&A 4 of 10
Type: Secondary Buyout M&A Deals 24 of 44
Country: United Kingdom M&A 59 of 92
Year: 2017 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-16 Catalyst Development

London, United Kingdom

Catalyst Development provides regulatory-driven change, organisational improvement and talent development programmes to global financial markets companies. Catalyst Development was founded in 1994 and is based in London, United kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-30 YSC Consulting

Edinburgh, United Kingdom

YSC Consulting is a global provider of leadership strategy consultancy services. YSC Consulting operates from 17 offices in Europe, North America, South Africa and Asia-Pacific. YSC Consulting was founded in 1990 and is based in Edinburgh, United Kingdom.

Sell £72M