LDC, a private equity investor affiliated with Lloyds Banking Group, has made a notable minority investment in Creative ITC, a cloud service provider. This investment aims to bolster Creative ITC's growth strategy, both organically and through acquisitions.

Creative ITC specializes in critical cloud infrastructure services, offering solutions such as desktop-as-a-service and advanced data storage and backup/recovery products. The funding from LDC will facilitate Creative ITC's exploration of complementary acquisitions and expansion into new markets.

The investment deal was spearheaded by Chris Baker, a partner at LDC, and Tom Jervis, an investment manager. Both will join Creative ITC's board as non-executive directors, alongside Mark Thompson, who will serve as the non-executive chair.

Keith Ali, CEO of Creative ITC, expressed enthusiasm about the partnership, noting the company's rapid growth and readiness to enter new markets. He highlighted the strong relationship built with LDC over the years, emphasizing their understanding of Creative ITC's products and services. Ali also acknowledged LDC's experience in supporting businesses like Creative ITC, particularly in providing flexible funding for acquisitions.

Chris Baker praised Creative ITC's management team, which possesses significant technical expertise and a deep understanding of the technology challenges within the architecture, engineering, and construction (AEC) market. He noted that the company is well-positioned to meet rising demand while maintaining high service levels and domain expertise.

LDC received advisory support from several firms, including Addleshaw Goddard for legal matters, BDO for corporate finance, PwC’s Strategy for commercial due diligence, and RSM for financial due diligence. Creative ITC was advised by Cavendish for corporate finance and Osborne Clarke for legal services.

This investment marks a strategic move for both LDC and Creative ITC, aiming to leverage growth opportunities in the cloud services sector.