Mid-market private equity investor LDC, has backed the management buyout of data and network security specialist Phoenix Datacom.
The partnership with LDC will support the existing management team – led by Managing Director, John Carson – to expand Phoenix Datacom’s suite of hardware and software products and related services to help its enterprise customers further enhance their cyber-security. LDC’s backing will also help the team to explore complementary acquisitions.
The investment was led by LDC Investment Director, Chris Morris, Head of LDC in the South, Lawrence Dean, and Investment Executive Klara Klarowicz. The deal will also see former UK President of BT Global Services and CEO of Alternative Networks, Mark Quartermaine, join as Non-Executive Chairman. Financial details of the investment are undisclosed.
As well as continuing LDC’s strong heritage of supporting fast growing tech businesses, the transaction represents the fourth investment completed in the last 12 months by the South team at LDC. It follows the team’s investments in e-commerce fulfilment specialist James and James, data technology business Aker Systems and digital transformation services provider Foundation SP last year.
Read more at: Private Equity Wire
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.