M&A Deal Summary

LDC and Kartesia Acquire Kerv

On July 1, 2020, private equity firm LDC and lender Kartesia acquired information technology company Kerv

Acquisition Highlights
  • This is LDC’s 16th and Kartesia’s 1st transaction in the Information Technology sector.
  • This is LDC’s 234th and Kartesia’s 3rd transaction in the United Kingdom.
Investment Fate
  • Kerv was sold to a consortium of financial buyers in 2024.

M&A Deal Summary

Date 2020-07-01
Target Kerv
Sector Information Technology
Buyer(s) LDC
Kartesia
Deal Type Consolidation

Target

Kerv

London, United Kingdom
Kerv is a cloud and digital services provider. Kerv provides a suite of integrated cloud and digital transformation services to mid-market, enterprise and public sector organisations. The business partners with global technology leaders and tailors its solutions for customers in key industry verticals, including financial services, public sector, retail and the not-for-profit sector. Kerv was formed in 2020 and is based in London, United Kingdom.

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Buyer(S) 2

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 243 of 311
Sector: Information Technology M&A 16 of 30
Type: Consolidation M&A Deals 3 of 4
Country: United Kingdom M&A 234 of 299
Year: 2020 M&A 5 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-20 Peter J Douglas Engineering

Doncaster , United Kingdom

Peter J Douglas Engineering Ltd. provides a wide range of repair, maintenance, manufacturing, upgrade and installation services across the power, environmental and industrial markets. Peter J Douglas Engineering Ltd. was founded in 1986 and is based in Doncaster, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-20 Aker

Bicester, United Kingdom

Aker designs, builds, and operates ultra-secure public cloud data environments for large private and public sector clients. Its delivery model integrates architecture blueprints, proven cloud technology, pre-built code components and finely honed professional services. Companies proprietary technology solutions drive performance and reduce cost while helping its clients to improve the management and sharing of data across their organizations. Aker was founded in 2016 and is based in Bicester, United Kingdom.

Buy -
Buyer

Kartesia

Investor Investor Investor Investor Investor


Category Lender
Founded 2013
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Kartesia is a private investment group and lender that looks to invest in lower middle-market companies throughout the European Union and Central Europe. The Firm is industry agnostic and seeks to commit €10 to €100 million in profitable companies with at least €5 million of EBITDA. Proceeds are typically invested alongside sponsors to support buyouts, recapitalizations, shareholder liquidity needs, or restructurings. Kartesia was established in 2013 and is headquartered in London.


DEAL STATS #
Overall 16 of 36
Sector: Information Technology M&A 1 of 4
Type: Consolidation M&A Deals 1 of 2
Country: United Kingdom M&A 3 of 12
Year: 2020 M&A 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-12 Optimapharm

Zagreb, Croatia

Optimapharm is a clinical research organization. Optimapharm was founded in 2005 and is based in Zagreb, Croatia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-28 Factoria Group

Boulogne-Billancourt, France

Factoria is a supplier of B2B printing solutions, IT and telecom services. Factoria Group was founded in 2006 and is based in Boulogne-Billancourt, France.

Buy -