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LDC backs Clifford Thames MBO

22 Aug 2014

autoUK-based mid-market firm LDC has backed the £50m management buyout of automotive data provider Clifford Thames.

The company provides data and operational expertise to vehicle manufacturers, national sales companies, franchised dealer networks, bodyshops, fleet and leasing companies.

Clifford Thames has offices in ten countries across Europe, Asia Pacific and North America, together with outsource centres in Krakow in Poland and Chennai in India.

LDC said that the company has reported significant revenue growth in recent years as a result of its customer-led data services, and the roll-out and increasing demand for its Athoris technology.

LDC investment director Christian Bruning said, “We are partnering with a high-quality management team led by Calvin Barnett, who has considerable knowledge and experience in the automotive industry and business process outsourcing market.

“Clifford Thames is supported by a well-invested infrastructure through international operations in Europe, Asia and America, and going forward, we will work closely with the team to execute the next phase of the business’ growth and development, both organically and through acquisition.”

In July this year LDC agreed to sell its stake in pharma manufacturer Penn Pharmaceuticals to strategic investor Packaging Coordinators for £127m.

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