M&A Deal Summary

LDC Acquires Medray

On July 29, 2024, private equity firm LDC acquired medical products company Medray from Erisbeg

Acquisition Highlights
  • This is LDC’s 8th transaction in the Medical Products sector.
  • This is LDC’s 1st transaction in Ireland.

M&A Deal Summary

Date 2024-07-29
Target Medray
Sector Medical Products
Buyer(s) LDC
Sellers(s) Erisbeg
Deal Type Secondary Buyout
Advisor(s) Regan Wall
Matheson (Legal)

Target

Medray

Dublin, Ireland
Medray is a provider of diagnostic imaging equipment, including X-ray and CT, to customers across the healthcare, veterinary and dental markets in the UK and Ireland. Medray was founded in 1979 and is based in Dublin, Ireland.

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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 305 of 311
Sector: Medical Products M&A 8 of 8
Type: Secondary Buyout M&A Deals 59 of 60
Country: Ireland M&A 1 of 1
Year: 2024 M&A 9 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-29 Ensek

Nottingham, United Kingdom

Ensek is a software-as-a-service (SaaS) platform to provide existing energy providers with its revenue assurance and gross margin accounting product and new entrants with the end-to-end software solution required to enter and operate in the UK market. Ensek was founded in 2010 and is based in Nottingham, England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-31 Hill Biscuits

Lancashire, United Kingdom

Hill Biscuits is a biscuit manufacturer and producer of over 30 million biscuits each week for the retail and foodservice markets. Key products include digestives, ginger nuts, custard creams, bourbons, malted milks and gingerbread men. Hill Biscuits was founded in 1855 and is based in Lancashire, United Kingdom.

Sell -

Seller(S) 1

SELLER
DESCRIPTION

Erisbeg is a private investment focused on acquiring and further developing established business in Ireland and England. The Firm has a special interest in partnering with business owners who have built successful companies and are seeking a flexible succession plan. Erisbeg was formed in 2016 and is based in Dublin.


DEAL STATS #
Overall 3 of 3
Sector: Medical Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Ireland M&A 3 of 3
Year: 2024 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-01 Eolas Recruitment

Bray, Ireland

Eolas Recruitment is an IT Recruitment Company. Eolas Recruitment is a blue-chip client base across a wide spectrum of sectors including the financial, business services, consumer products and payments sectors. Eolas Recruitment was founded in 1999 and is based in Bray, Ireland.

Sell -