LDC-backed Avelo acquires TrigoldCrystal
LDC portfolio company Avelo has completed the strategic acquisition of London-based mortgage solutions provider TrigoldCrystal.
The acquisition was fully funded by Avelo in partnership with its banks.
LDC invested £42m in the £115m buyout of Avelo in August 2009. LDC also supported the bolt-on acquisition of N4 Solutions, a distribution and processing technology company for mortgage and wealth management, in June 2010.
Company
TrigoldCrystal is a London-based provider of software solutions and desktop tools for mortgage distributors and brokers. The business was founded in 2001.
Advisers
Acquirer - Arma (M&A).
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