M&A Deal Summary

LDC Acquires Sohonet

On March 4, 2021, private equity firm LDC acquired information technology company Sohonet from FPE Capital

Acquisition Highlights
  • This is LDC’s 20th transaction in the Information Technology sector.
  • This is LDC’s 247th transaction in the United Kingdom.

M&A Deal Summary

Date 2021-03-04
Target Sohonet
Sector Information Technology
Buyer(s) LDC
Sellers(s) FPE Capital
Deal Type Secondary Buyout
Advisor(s) Raymond James - Investment Banking
RSM EquiCo Capital Markets LLC (Financial)
Goodwin Procter (Legal)

Target

Sohonet

London, United Kingdom
Sohonet is a provider of connectivity, collaboration software, media service, network security, and data workflow management for the media, film studios, post-production houses, and distribution platforms. Sohonet was founded in 1995 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 3.6B 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 256 of 304
Sector (Information Technology) 20 of 29
Type (Secondary Buyout) 52 of 57
Country (United Kingdom) 247 of 292
Year (2021) 5 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 ChargePoint

Liverpool, United Kingdom

ChargePoint is a supplier of containment valves and integrated material handling equipment for the pharmaceutical, chemical, food, and other process-based industries. ChargePoint Technology was formed in 2009 and is based in Liverpool, England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-10 Lucid Group

London, United Kingdom

Lucid Group is an international multi-capability healthcare communications group that provides medical education and communication, strategic consultancy, and digital services to its clients through an integrated group of specialist agencies. Lucid Group was formed in 2007 and is based in London.

Sell -

Seller(S) 1

SELLER

FPE Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

FPE Capital is the private equity investment arm of Fleming Family & Partners, a multi-family office. FF&P invests in lower middle market companies throughout the UK and Western Europe. FF&P focuses on rapidly growing companies led by experienced management, with proven track records and scalable business models. Sectors of interest include financial services, healthcare, business/support services, energy/resources and media/information. The Firm will consider buyouts (MBOs, MBIs) as well as growth capital financings. FPE Capital was formed in 2004 and is based in London.


DEAL STATS #
Overall 21 of 23
Sector (Information Technology) 4 of 4
Type (Secondary Buyout) 11 of 11
Country (United Kingdom) 18 of 19
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 IWSR

London, United Kingdom

IWSR is a database service that covers the alcoholic drinks market. IWSR’s specialist analysts travel the world, visiting 120 markets annually, in order to meet over 1,600 local professionals and its data covers 157 markets in total. IWSR was founded in 1971 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-09 Codestone

Poole, United Kingdom

Codestone is a business applications software and cloud services platform. Codestone was founded in 1997 and is based in Poole, England.

Buy -