Investment Summary

LDC Invests In Cakesmiths

On March 28, 2022, private equity firm LDC invested in food company Cakesmiths

Investment Highlights
  • This is LDC’s 8th transaction in the Food sector.
  • This is LDC’s 265th transaction in the United Kingdom.
Investment Fate
  • Cakesmiths was sold to a strategic buyer in 2023.

Investment Summary

Date 2022-03-28
Target Cakesmiths
Sector Food
Investor(s) LDC
Deal Type Growth Capital
Advisor(s) Momentum Corporate Finance (Financial)
Roxburgh Milkins (Legal)

Target

Cakesmiths

Bristol, United Kingdom
Cakesmiths is an independent manufacturer and supplier of artisan handmade cakes. The business caters with a wide range of palates, including a broad vegan and very-low gluten range. Cakesmiths was founded in 2014 and is based in Bristol, United Kingdom.

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Investor(S) 1

Investor

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 275 of 311
Sector: Food M&A 8 of 8
Type: Growth Capital M&A Deals 80 of 108
Country: United Kingdom M&A 265 of 299
Year: 2022 M&A 6 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-16 Aspire Technology Solutions

Gateshead, United Kingdom

Aspire Technology Solutions is an IT managed service and cyber security provider. Aspire Technology Solutions was founded in 2006 and is based in Gateshead, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-07 Specialist People Services

Bradford, United Kingdom

Specialist People Services is a recruitment business providing critical labor solutions to the logistics market in the UK and internationally. The group encompasses the operating brands Driver Hire Nationwide, Driver Hire Australia, Driver Risk Management, and ISS Labour. Specialist People Services was formed in 1983 and is based in Bradford, United Kingdom.

Sell -