LDC backs Northumberland firm in £20m growth deal
LDC, a mid-market private equity investor, has backed the secondary buyout of Mandata, a developer of transport management software, in a £20m deal.
The deal also represents an exit for Synova Capital.
Headquartered in Northumberland, Mandata designs and develops software that allows road transport operators to manage workflow and data more effectively.
Its transport management system integrates a suite of end-to-end products, including traffic planning and management, tracking, telematics, and invoicing.
Today, the firm supports many of the UK’s haulage businesses including 30 per cent of Motor Transport’s top 100 operators, actively managing over 10,000 vehicles.
Mark Norcliffe, CEO of Mandata, said: “Businesses across the transport and logistics sector are continually looking for new ways to reduce costs, drive efficiencies and improve productivity.
“By developing innovative software solutions, we’re helping to streamline activity and deliver results that have a tangible impact on our customers’ bottom line. We’ve made significant progress in recent years and are now at a key point in our growth journey.”
The transaction was led by investment directors Ben Snow and Gareth Marshall, and director John Garner at LDC in Leeds. Ben will join the board as non-executive director.