Creative ITC secures a significant minority investment from LDC

Leading cloud service provider Creative ITC takes the next step in its growth journey, obtaining a minority investment from LDC, the private equity arm of Lloyds Banking Group.

Headquartered in London, and with a global data center and operating footprint, Creative ITC is the UK’s market-leading provider of high-powered cloud computing solutions to the global architecture, engineering and construction (AEC) sector. Creative ITC delivers specialist and mission-critical cloud infrastructure solutions, including its desktop-as-a-service offering and sophisticated data storage and backup/recovery products. Creative ITC’s international data center footprint allows its solutions to be delivered at high speed and low latency to customers, enabling the business to support demanding application environments and data processing and storage requirements on a global scale. Customers include architecture and engineering giants WSP, AtkinsRéalis and Foster + Partners.

Lloyds Development Capital Limited (LDC) is a mid-market private equity house and subsidiary of Lloyds Banking Group. LDC has a successful track record in the ICT sector, having made 25 investments into businesses with a total enterprise value of £1.5 billion (US$1.9 billion) since 2012.

Oaklins Cavendish, based in the UK, advised Creative ITC’s shareholders in this transaction. LDC’s investment and strategic support will help the business to deliver its ongoing growth strategy, along with acceleration into new markets and building out product capabilities. The backing from LDC will also enable Creative ITC to explore complementary acquisitions.