Littlefish secures minority investment from LDC to accelerate organic growth
LDC takes a minority stake in managed IT services provider Littlefish to support its expansion strategy and future acquisitions.
Littlefish provides managed IT services, IT consultancy, cloud services and cyber security services to clients across the public and private sectors. The firm operates service centres in Nottingham and Greater Manchester.
Managed IT services provider Littlefish has secured a minority investment from mid-market private equity investor LDC. The transaction, backed by additional debt facilities from HSBC, will support the company in accelerating its organic growth strategy and expanding its product offerings. The management team, who remain the majority shareholders, will use the backing to fund new product development and pursue complementary acquisitions.
Littlefish has experienced rapid expansion in recent years, achieving average annual growth of over 40 percent and targeting revenues of £18m for the current financial year. The firm employs more than 200 people supporting over 35,000 users globally. LDC's investment aims to provide the strategic expertise and financial backing necessary for the business to scale further against larger competitors.
From the founder
"We have a fantastic team at Littlefish and with their hard work and dedication we’ve been able to grow the business into a truly formidable player. We know what our customers want and how to deliver it successfully. To embark on the next stage of our strategy we need to bring a partner on board that will give us the firepower to build on this momentum and scale, as we continue to successfully compete against our much larger rivals."
Steve Robinson
Chief Executive at Littlefish
Investor perspective
"Since Graham, Steve and Richard acquired Littlefish in 2010 they have diversified and transformed the business. Its year-on-year growth demonstrates the strength of the proposition they have developed, as well as their unwavering focus on quality and customer service. They have built an enviable offer and despite the firm’s success so far, Littlefish is still only at the beginning of its journey."
David Bains
Investment Director, LDC
Use of funds
- 01Continue product development
- 02Fund acquisitions
Investors
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About the company
Littlefish
Littlefish provides managed IT services, cloud solutions and cyber security to clients worldwide.