LDC invests in Phoenix Datacom

As part of the transaction, Phoenix Datacom has extended its banking facilities with its longstanding banking provider, Lloyds Bank.

Following the deal, Mark Quartermaine - the former UK president of BT Global Services and CEO of Alternative Networks - will join the company's board as non-executive chair.

With LDC's support, Phoenix Datacom plans to expand its suite of hardware and software products, while exploring complementary acquisitions to pursue a buy-and-build strategy.

This transaction is the fourth investment completed in the last 12 months by the South team at LDC. It follows the investments in e-commerce fulfilment specialist James and James; data technology business Aker Systems; and digital transformation services provider Foundation SP.

Company
Established in 1984 and headquartered in Aylesbury, Buckinghamshire, Phoenix Datacom provides cybersecurity solutions and network performance monitoring to help companies and organisations optimise their networks and secure their most critical information.

Its client base is composed of UK organisations across a range of sectors, including financial institutions, network operators, media businesses, broadcasters and public sector organisations.

The company recorded EBIT of £1.8m, gross profit of £5.4m and profit after tax of £1.5m from revenues of £20.7m in the financial year ending on 31 March 2020.

People
Phoenix Datacom – John Carson (managing director).
LDC – Chris Morris (investment director), Lawrence Dean (head of LDC in the South), Klara Klarowiczand (investment executive). 

Advisers
Equity – CIL Management Consultants (commercial due diligence); HMT (financial due diligence); Osborne Clarke (legal); Acuity Advisors (corporate finance).
Company – Quantuma (corporate finance); Shoosmiths (legal).

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• Topics
• Buyouts
• UK / Ireland
• Technology
• LDC
• United Kingdom
• Osborne Clarke
• Cybersecurity