Creative ITC, a leading UK managed services provider, has sold a significant minority stake to private equity firm LDC. This investment aims to support Creative ITC's growth strategy, expand into new markets, and enhance product capabilities.
Based in London, Creative ITC specializes in high-power cloud computing solutions for the global architecture, engineering, and construction (AEC) sector. Their offerings include desktop-as-a-service (DaaS) and advanced data storage and backup/recovery products.
CEO Keith Ali expressed gratitude to Oaklins Cavendish for their support in navigating the transaction, which marks a new phase in Creative ITC's growth journey. Oaklins Cavendish played a crucial role by understanding the business and shareholder objectives, ensuring the right investors were approached, and highlighting Creative ITC's comprehensive service offerings and strong growth trajectory.
For more details on the transaction, market trends, and M&A valuation aspects, visit the Oaklins newsroom.