Investment Summary

LDC Invests In Ciphr

On May 24, 2016, private equity firm LDC invested in internet software and services company Ciphr

Investment Highlights
  • This is LDC’s 7th transaction in the Internet Software and Services sector.
  • This is LDC’s 173rd transaction in the United Kingdom.
Investment Fate
  • Ciphr was sold to a consortium of financial buyers in 2021.

Investment Summary

Date 2016-05-24
Target Ciphr
Sector Internet Software and Services
Investor(s) LDC
Deal Type Growth Capital

Target

Ciphr

Reading, United Kingdom
Ciphr is a specialist provider of Software-as-a-Service (SaaS) HR, payroll, recruitment, and learning software that connects businesses with their employees via an online platform, CIPHR Connect. Ciphr was founded in 1982 and is based in Reading, 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 3.6B 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 181 of 306
Sector (Internet Software and Services) 7 of 16
Type (Growth Capital) 23 of 105
Country (United Kingdom) 173 of 294
Year (2016) 7 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-12 TXM Plant

Wigan, United Kingdom

TXM Plant is a distributor of road rail vehicles and associated attachments to network rail and its major contractors involved in maintenance, track renewal and infrastructure projects. TXM Plant was founded in 2011 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-26 Joules Group

Market Harborough , United Kingdom

Joules Group is a lifestyle brand that is renowned for its distinctive designs and prints, product range and authentic country heritage. The business offers a broad range of womenswear, menswear, children & babywear, homeware and accessories. Joules Group was founded in 1980 and is based in Market Harborough, United Kingdom.

Sell -