LDC's Equiom acquires Links Group
LDC has supported portfolio company Equiom in its bolt-on of Middle Eastern business-advisory firm Links Group.
The transaction marks the eighth acquisition by the fiduciary and administrative advisory business under LDC's tenure and further expands the consolidated group's geographical reach. Most recently, Equiom bolted on Equation HK this month to merge it with its Hong Kong division, which was launched in January 2015 following the acquisition of AFP Group.
Though the value of LDC's investment to support the Links acquisition is undisclosed, the GP said in a statement it has invested a total of £22m in Equiom's growth strategy.
The combined business will have combined revenues of £50m, a 400% increase since LDC first invested in Equiom. It will also have a headcount of 420.
LDC acquired Equiom as part of a secondary buyout from Livingbridge in September 2013. Livingbridge had backed the business in 2006, investing £13m in return for a minority stake as part of a £33m transaction.
Company
Founded in 2002 and headquartered in Dubai, Links Group is a commercial advisory firm. It focuses on facilitating the entry of foreign companies into United Arab Emirates and Qatar, as well as advising firms about ongoing management and administrative processes.
People
LDC – Yann Souillard (managing director).
Equiom – Sheila Dean (CEO).
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