PwC have acted as lead advisor to LDC on their significant investment in Kick ICT
PwC have acted as lead advisor to LDC on their significant investment in Kick ICT, Scotland’s largest independent IT managed service provider, as it accelerates its UK-wide expansion plans. The transaction represents a successful exit for growth capital investor BGF which has backed Kick ICT since 2021. PwC provided Corporate Finance, Debt & Capital Advisory and Tax services to LDC.
Based in Bellshill, North Lanarkshire, Kick ICT provides business-critical IT managed, communications and digital transformation services to over 1,000 customers across a wide range of sectors. The company, which employs over 170 staff, specialises in business and finance solutions from Microsoft and Infor, alongside modern infrastructure, cloud and IT support.
Founded in 2015, Kick ICT has grown rapidly over the last eight years by executing an ambitious acquisitive growth strategy. In November 2023, it made its ninth acquisition – Dundee-based C2 Software Limited – to expand its specialist Microsoft Dynamics offering to customers across the UK.
LDC’s investment and support will help Kick ICT to accelerate its UK-wide growth through further acquisitions, targeting complementary businesses in Scotland and the North of England. The firm is backing Kick ICT’s existing management team, led by CEO Tom O’Hara and Group Sales Director Alan Turnbull, who each have more than 30 years’ industry experience. Geoff Neville will continue as Chairman.
PwC’s Corporate Finance acted as lead financial adviser to LDC - with the lead PwC team advising on the deal consisting of Jonathan Shelley, Ian Birch, Jason Cohen, Matt Brindley, Aaron Marshall and Claire Lynch.
PwC’s Debt & Capital Advisory team consisted of Richard Siddall, Dean Stoyanov, Georgia Bowers and Wenjie Jiang.
PwC’s Tax services were provided by Simon Viner, Dave Taylor and Emma Mackay.
“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. PwC acted as our trusted lead advisor throughout the deal and I want to thank them for their invaluable insight and expertise that they brought from both a regional and sector perspective.”
“PwC are delighted to have advised LDC on its investment into Kick ICT. Tom and the team have built an excellent platform for further expansion and it is great to see Private Equity backing top Scottish businesses to grow rapidly.”
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