LDC acquires Mini-Cam

The deal was sourced through LDC's Manchester office, and sees LDC take a substantial minority position in the company, investing alongside management.

Mini-Cam's fresh funding will be used to boost the company's forecast growth, concentrating on expanding its international distribution network, opening new markets and improving R&D.

LDC's investment was the fourth made by its Manchester office in the past eight months, with £90m of equity committed from the north-west hub.

The deal comes a week after LDC took a majority stake in Seabrook Crisps in a reported £35m buyout, and just a few days after the GP announced three new hires in its direct origination team.

Company
Founded in 1992 and headquartered in Warrington, Mini-Cam is a designer and manufacturer of CCTV pipeline inspection systems, mainly used in the clean water and waste water utilities market.

People
LDC investment director Christ Wright led the deal for the GP. He will join Mini-Cam's board of directors as part of the transaction. Nigel Wilson is the CEO of Mini-Cam.

Advisers
Equity – Deloitte (Corporate finance); Addleshaw Goddard (Legal); Armstrong (Commercial due diligence); PwC (Tax).
Company – Rothschild (Corporate finance); DWF (Legal); BDO (Financial due diligence).

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• Topics
• UK / Ireland
• Buyouts
• Industrials
• United Kingdom
• LDC
• Deloitte
• Addleshaw Goddard
• PwC
• Rothschild
• BDO LLP