Foundation SP secures minority private equity investment from LDC to accelerate growth.
LDC has backed Foundation SP with a multi-million-pound investment to fund organic expansion and potential acquisitions.
Foundation SP provides specialist digital transformation services encompassing cloud, productivity, data and artificial intelligence offerings to large enterprises and public sector organisations.
Foundation SP has secured a multi-million-pound minority investment from mid-market private equity firm LDC to support its ongoing expansion. The funding will back the company in growing its client base, enhancing its suite of digital and software services, and pursuing complementary acquisitions.
Led by its management team, FSP has grown to 80 employees and gained recognition for its workplace culture. Representatives from LDC will join the company board to support its future strategy.
From the founder
"This deal marks a key next step in Foundation SP’s growth journey. I’m extremely proud of all of our employees who have enabled us to build such strong customer relationships and an incredibly successful model. We know that partnering with LDC will help us to scale while remaining true to our culture and ethos."
Simon Grosse
Chief Executive Officer at Foundation SP
Investor perspective
"We’ve enjoyed getting to know Simon and his team over the past 16 months, familiarising ourselves with their business and ambitions for the future. The business is going from strength to strength, and with an impressive growth plan and a highly experienced team, we knew FSP was a firm we wanted to back. We’re excited to help them become a recognised and industry-leading digital transformation brand."
Chris Morris
Investment Director, LDC
Use of funds
- 01Fund acquisitions
- 02Expand into international markets
Investors
Categories
About the company
Foundation SP
Specialist digital transformation services provider helping large enterprises and public sector organisations.