LDC buys minority stake in UniHomes

• UniHomes is headquartered in Sheffield, UK
• Dan Smith, partner, and head of Yorkshire at LDC, James Marshall, investment director, and Ana-Maria Garaba, investment manager led the investment
• LDC is the private equity arm of Lloyds Banking Group, headquartered in London

LDC has made a minority investment in UniHomes, a student accommodation advertising platform. No financial details of the transaction were disclosed.

UniHomes is headquartered in Sheffield, UK. The platform connects students with thousands of student properties offering all-inclusive living.

UniHomes will use LDC’s investment to accelerate its regional growth plans and develop the platform and service provision for both its student and letting agent customers, according to a release.

Dan Smith, partner, and head of Yorkshire at LDC, James Marshall, investment director, and Ana-Maria Garaba, investment manager led the investment.

“We are pleased to support the team as they drive further investment into the technology platform and lead the way in the all-inclusive student accommodation market, which is fast becoming the default model in the sector,” said Smith.

HSBC provided debt and working capital facilities to support the transaction.

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

LDC was advised by EY (corporate finance, financial & tax due diligence), Womble Bond Dickinson (legal), Graph Strategy (commercial due diligence) and Catalysis (management due diligence).