A stake in tech star IP Solutions has been snapped up by private equity firm LDC
City AM has reported on an investment by LDC (the highly successful private equity arm of Lloyds Banking Group) in IP Solutions, the innovative UK communications technology firm and Renovata client.
The terms of the deal have not been announced, but Chief Executive Matt Parker has confirmed that the cash injection will be used to accelerate the company’s growth through acquisition. This will consolidate IP Solutions’ portfolio of services and expand its customer reach: “Having built a strong business platform, we’re now keen to accelerate our scale through the acquisition of other high performing businesses with complementary technologies, geography and customers”, he says.
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