LDC has exited its minority investment in managed IT and cyber services provider Littlefish, to Bowmark Capital following a three-year partnership.
The mid-market private equity firm backed the management team at Littlefish in April 2019 with a minority investment to support the fast growth business. Over the last three years, the business has almost doubled revenues from £18.6 million to £36.4 million in its latest financial year.
Founded in 2003, Littlefish provides a comprehensive range of managed IT, cyber security, cloud and IT consultancy services to over 200 customers across both the private and public sectors.
Littlefish’s services are delivered from UK only service centres, with many staff active participants in the company’s academy, which facilitates and rewards individual improvements in technical capability, service quality, and customer satisfaction.
This transaction, which was led by LDC’s David Bains, Partner and Head of LDC’s East Midlands and East of England team marks LDC’s fifth successful exit from a technology business in the last twelve months and follows its recent exit from design software specialist Solid Solutions. LDC has invested over £250 million over 10 technology-led businesses in the past year, including digital transformation provider CTI Group, IT services specialist Aspire and leading mobile and internet of things (IoT) communications firm Cellhire.
