Leading mid-market private equity firm LDC has exited its investment in ID card printer and software business Magicard to listed international manufacturer Brady Corporation (BRC).
LDC invested in Magicard in May 2016 to support the business’ organic and international growth strategy. During LDC’s partnership with Magicard, the business invested heavily in new product development, releasing six innovative new products in the last two years alone. It has also further developed its printing software capabilities with patent protected IP.
Milwaukee-headquartered Brady Corporation is an international manufacturer and marketer of complete solutions that identify and protect people, products and places. Brady’s products help customers increase safety, security, productivity and performance and include high-performance labels, signs, safety devices, printing systems and software.
Read more at Private Equity Wire
