LDC has invested £9m for a minority stake in financial services network Personal Touch Financial Services (PTFS). The deal values the company at approximately £50m. A key driver of this investment for LDC is to support the growth of PTFS over the next three to four years in preparation for a flotation or trade sale. The business is on target to achieve turnover of circa £90m this year on the back of doubling in size in 2005 to £57m.
Fund has raised €1bn of its €1.1bn target and plans to hold a final close in Q1 2020
GP will take a minority stake, with the Reisenthel family as majority shareholders
Horizon expects to merge the two IT services providers to create a business with 300 developers
EQT deploys capital from its EQT VIII fund, which hit its €10.75bn hard-cap in 2018