LDC acquires minority stake in Centiq

Following completion of the deal, Centiq will ramp up its support services for the SAP Hana platform, an in-memory database management system. It will also seek to invest in product development and marketing activity.

As part of LDC's strategy, the company has appointed Colin Garrett as non-executive chairperson; he currently holds the same position at Sentec, Silverwing and Impero Software. It has also appointed Rob Jones, who has previously worked with LDC's Midlands team, as finance director.

LDC most recently acquired British fume extraction systems manufacturer and designer BOFA International in a management buyout worth £23m.

Company
Founded in 1998, Nottingham-headquartered Centiq specialises in the design, provision and support of SAP Hana. According to public records, the company has a turnover of £12.8m.

People
Andy Grove is a director at LDC and head of its Nottingham office. Glyn Heath is CEO and founder of Centiq.

Advisers
Equity – Gateley (Legal); PwC (Financial due diligence); Cloud Origin (Commercial due diligence).
Management – Eversheds (Legal); Cooper Parry (Corporate finance).

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