Creative ITC secures a significant minority investment from LDC
July 2024 — Leading cloud service provider Creative ITC takes the next step in its growth journey, obtaining a minority investment from LDC, the private equity arm of Lloyds Banking Group.
Headquartered in London, and with a global data center and operating footprint, Creative ITC is the UK’s market-leading provider of high-powered cloud computing solutions to the global architecture, engineering and construction (AEC) sector. Creative ITC delivers specialist and mission-critical cloud infrastructure solutions, including its desktop-as-a-service offering and sophisticated data storage and backup/recovery products. Creative ITC’s international data center footprint allows its solutions to be delivered at high speed and low latency to customers, enabling the business to support demanding application environments and data processing and storage requirements on a global scale. Customers include architecture and engineering giants WSP, AtkinsRéalis and Foster + Partners.
Lloyds Development Capital Limited (LDC) is a mid-market private equity house and subsidiary of Lloyds Banking Group. LDC has a successful track record in the ICT sector, having made 25 investments into businesses with a total enterprise value of £1.5 billion (US$1.9 billion) since 2012.
Our role in the transaction
Oaklins Cavendish, based in the UK, advised Creative ITC’s shareholders in this transaction. LDC’s investment and strategic support will help the business to deliver its ongoing growth strategy, along with acceleration into new markets and building out product capabilities. The backing from LDC will also enable Creative ITC to explore complementary acquisitions.
Keith Ali
CEO, Creative ITC
Talk to the deal team
Related deals
GroGlass has been acquired by Apogee Enterprises
Apogee Enterprises, Inc. (Nasdaq: APOG), a leading US provider of architectural building products, services and high-performance coated materials, has acquired GroGlass, a Latvia-based developer and manufacturer of high-performance anti-reflective and UV-protective glass coatings. The acquisition brings GroGlass’ differentiated coating technologies and materials science expertise into Apogee’s performance surfaces segment, broadening its product offering and market reach while expanding its manufacturing and R&D presence in Europe.
Learn moreCapvis has sold hessnatur to Wourth Group
Hess Natur-Textilien GmbH & Co. KG has become part of the international Wourth Group. With the change of ownership from Capvis to Wourth Group, hessnatur is entering its next phase of development. The transaction reflects the company’s successful strategic and business development in recent years, and creates a strong foundation for the future.
Learn moreNymann Kloak- & Miljøservice has been acquired by Serwent Group
Nymann Kloak- & Miljøservice has been acquired by Serwent Group. The acquisition expands Serwent’s footprint in Denmark while broadening its service offering and strengthening capacity across its existing platform. This transaction further supports Serwent’s ambition to become the leading Nordic operator in underground infrastructure maintenance.
Learn more