Investment Summary

Lloyds TSB Development Capital Invests In Deltron

On July 4, 2024, private equity firm Lloyds TSB Development Capital invested in business services company Deltron

Investment Highlights
  • This is Lloyds TSB Development Capital’s 29th transaction in the Business Services sector.
  • This is Lloyds TSB Development Capital’s 285th transaction in the United Kingdom.

Investment Summary

Date 2024-07-04
Target Deltron
Sector Business Services
Investor(s) Lloyds TSB Development Capital
Deal Type Growth Capital
Advisor(s) Clearwater International Ltd. (Financial)
Higgs (Legal)

Target

Deltron

Dudley, United Kingdom
Deltron provides maintains and repairs elevators, service lifts and stairlifts to improve their safety, performance and lifespan. Deltron is based in Dudley, United Kingdom.

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Investor(S) 1

Investor

Lloyds TSB Development Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 2.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Lloyds TSB Development Capital Ltd (LDC) is the private equity arm of Lloyds Banking Group Plc and 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. Lloyds TSB Development Capital Ltd was formed in 1981 and is based in London.


DEAL STATS #
Overall 295 of 297
Sector (Business Services) 29 of 29
Type (Growth Capital) 96 of 97
Country (United Kingdom) 285 of 286
Year (2024) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-27 Waterscan

Chichester, United Kingdom

Waterscan is a tech-enabled and ESG-focused water management consultancy that helps customers to develop effective sustainable water management strategies that deliver business resilience and environmental leadership. It advises a UK-wide customer base of blue-chip companies, including household names such as BT, Greene King, Sainsbury’s, John Lewis, and Whitbread, the owner of Premier Inn. Waterscan was formed in 1994 and is based in Chichester, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-17 Edwin Group

Newcastle upon Tyne , United Kingdom

Edwin Group is a collection of businesses that recruit and supply teachers and support staff for primary, secondary, and special educational needs and disability (SEND) schools and other learning institutions. Edwin Group was founded in 2008 and based in Newcastle upon Tyne, United Kingdom.

Sell -