
LDC acquires Commsworld
LDC has acquired telecommunications company and internet service provider Commsworld.
The deal provides an exit for remaining non-executive directors and private shareholders in the company.
The investment will go towards expanding connectivity for organisations across Scotland and the UK.
The head of LDC in Scotland, Mark Kerr, and investment director Colin Bennett will join the board of Commsworld, alongside CEO Ricky Nicol, CFO Graeme St John and non-executive director Steve Langmead.
Company
The Edinburgh-headquartered telecommunications company provides connectivity, cloud, security, unified communications, and IT infrastructure services to the public and private sectors.
Comssworld's client relationships include Taylor Wimpey, Skyscanner and Edinburgh Airport.
Established in 1994, Commsworld has 110 staff based across its headquarters in Edinburgh and offices in Glasgow, London and Aberdeen. For 2018, the company reported profit before tax of £1.8m from revenues of £21.5m, against profit before tax of £557,669 from revenues of £15.4m in 2017.
People
LDC – Mark Kerr (head, Scotland); Colin Bennett (investment director).
Commsworld – Ricky Nicol (CEO).
Advisers
Equity – EY (corporate finance, debt advisory); Pinsent Masons (legal).
Management – Oakley Advisory (corporate finance).
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