LDC invests in MSP Kick ICT following BGF’s exit
Summary
LDC has invested in Kick ICT, a Scottish MSP, to propel its expansion across the UK.This marks a profitable exit for growth capital investor BGF which has backed Kick ICT since 2021.Tom OHara, CEO of Kick ICT, said: The team at LDC have a great deal of hands-on experience in helping businesses like ours to grow through acquisition, making them the perfect partner as we expand our presence in Scotland and across the UK.Under LDCs support, Kick ICT aims to acquire complementary businesses in Scotland and Northern England. The existing management, including CEO Tom OHara and Group Sales Director Alan Turnbull, remains intact, with Geoff Neville continuing as Independent Chair.Lee Donaldson, Investment Director at LDC in Scotland, added: Tom and Alan are committed and ambitious founders, and we will support them as they continue their run of acquisitions to drive growth and expand the business outside Scotland.This investment adds to LDCs significant portfolio in the ICT sector, where it has made over 20 investments with a total value of \xa31.4bn since 2012.
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