LDC Snatches Up Web Hosting Provider UK2Group For $77 Million Big Ones
April 21st, 2011
Lloyd’s Development Capital ( LDC ), the private equity arm of Lloyd’s Trustee Savings Bank, the third largest bank in the U.K. (and state-backed) announced today that it has acquired a majority stake in leading web hosting provider UK2Group . The equity group paid a total of $77 million for its majority stake in partnership with the current management team.
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LDC Snatches Up Web Hosting Provider UK2Group For $77 Million Big Ones