Kick ICT Secures LDC Investment for Ambitious Expansion
Kick ICT Secures Game-Changing Funding from LDC, Paving the Way for Rapid Expansion! In the dynamic landscape of IT services, securing the right investment is crucial for growth, especially for startups looking to scale. Recently, LDC, a prominent private equity investor linked to Lloyds Banking Group, has made a compelling move by investing in Kick ICT, Scotland’s largest independent IT managed service provider. This strategic investment not only marks a significant milestone for Kick ICT as it embarks on ambitious UK-wide expansion plans but also represents a successful exit for growth capital investor BGF, which has supported Kick ICT since 2021.
Founded in 2015 in Bellshill, North Lanarkshire, Kick ICT is making waves in the IT sector, delivering essential managed services, communications, and digital transformation solutions to over 1,000 clients across diverse industries.
With a dedicated team of over 170 employees, Kick ICT specializes in business and finance solutions from industry giants like Microsoft and Infor, alongside robust cloud and IT support services. The company has demonstrated remarkable growth, culminating in the recent acquisition of Dundee-based C2 Software Limited, its ninth acquisition to date, which enhances its specialized Microsoft Dynamics offerings throughout the UK.
LDC’s investment will serve as a catalyst for Kick ICT’s ongoing growth trajectory, enabling it to pursue further acquisitions that align with its strategic vision. The management team, spearheaded by CEO Tom O’Hara and Group Sales Director Alan Turnbull, both seasoned industry veterans with over 30 years of experience, is poised to leverage this support for continued expansion into Scotland and the North of England. “Our exceptional growth is a result of strategic investments in technology and talent, and LDC’s expertise in guiding companies through acquisitions makes them the ideal partner for our journey,” stated O’Hara. With LDC's robust background in the ICT sector, having invested in over 20 businesses with a total enterprise value of £1.4 billion since 2012, the partnership promises a bright future for Kick ICT and its investors.
Key Terms Explained
- Private Equity Investor
- An individual or entity that invests directly into a private company in exchange for shares or equity stake. They typically seek to increase the value of these companies with the aim of eventually selling them for a profit.
- Managed Services
- Services that a company provides on a contract basis to handle specific business operations. They often include things like IT services, cybersecurity, and cloud management, allowing businesses to focus on their core functions.
- Acquisition
- A corporate action in which one company buys majority shareholding stake of another company in order to take control. This can be part of a company's growth strategy, where it can extend its market and product range.
Frequently Asked Questions
- Who secured funding from LDC for expansion?-Kick ICT secured funding from LDC for expansion.
- What type of company is Kick ICT?+
- What is the significance of LDC's investment in Kick ICT?+
- What is the strategic goal of Kick ICT with the new investment from LDC?+
- Who is the CEO of Kick ICT and what’s his perspective on the LDC investment?+
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