LDC invests in Scottish IT managed service provider Kick ICT

Kick ICT's previous backer BGF exited as a result of this transaction.

  • BGF backed Kick ICT since 2021
  • Kick ICT CEO Tom O’Hara, Group Sales Director Alan Turnbull and Chairman Geoff Neville will continue in their roles
  • LDC is a private equity investor that is part of Lloyds Banking Group

LDC has made a significant investment in Kick ICT, a Scotland-based IT managed service provider. No financial terms were disclosed.

Kick ICT’s previous backer BGF exited as a result of this transaction. BGF backed Kick ICT since 2021.

Kick ICT CEO Tom O’Hara, Group Sales Director Alan Turnbull and Chairman Geoff Neville will continue in their roles.

On the deal, Lee Donaldson, investment director at LDC in Scotland, said in a statement, “The rapid pace of digitalisation across the economy means dynamic businesses like Kick ICT will be at the forefront of growth across the UK ICT sector in the years ahead. Tom and Alan are committed and ambitious founders, and we’re excited to support them, alongside the rest of the management team, as they continue their impressive run of acquisitions to drive growth and expand the business outside Scotland.”

Kick ICT was advised by Anderson Anderson & Brown (AAB) (corporate finance) and MBM Commercial (legal).

LDC was advised by PWC (corporate finance and tax), Pinsent Masons (legal), BDO (financial DD) and Armstrong (commercial DD).

Kick ICT was founded in 2015.

LDC is a private equity investor that is part of Lloyds Banking Group. Based in London, LDC was founded in 1981.