LDC-backed Sala acquires Arrow and Microstat
LDC’s portfolio company Sala International has acquired Arrow Imaging and Microstat as part of a buy and build strategy.
The investor arranged a £4.2m funding package, supported by Lloyds Banking Group, to fund the acquisition. LDC backed the BIMBO of Sala in January 2011, investing £11.5m to take a majority stake.
Arrow Imaging is based in Tamworth and is a provider of document management and scanning solutions. Birmingham-based Microstat also specialises in document management and has been active for over 25 years.
Sala International was founded in 1994 and is a document archiving and records storage business.
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