PE Deals

LDC-backed Wifinity snaps up Next Connex

Next Connex is a network and infrastructure services provider.

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  • LDC invested in Wifinity in September 2021
  • Next Connex is Wifinity’s second acquisition in 2023
  • LDC is the private equity arm of Lloyds Banking Group

Wifinity, backed by LDC, has acquired Next Connex, a network and infrastructure service provider.

Next Connex is Wifinity’s second acquisition in 2023, following the acquisition of Vital WiFi.

Next Connex’s addition will bolster Wifinity’s technical and product capabilities, according to a release.

“Although we have been working together for many years, this acquisition will enable us to both enhance our product offering and the depth of technical expertise we provide to our customers,” said Costas Demetriou, CEO, Wifinity.

LDC invested in Wifinity in September 2021.

Next Connex is based in Surrey, UK.

Wifinity is a wireless internet service provider based in London, UK.

LDC is the private equity arm of Lloyds Banking Group, headquartered in London. The firm has a UK-wide network of regional offices.