Private equity firm LDC has sold a minority stake in managed IT and cyber services provider Littlefish to Bowmark Capital following a three-year partnership.
The transaction follows a period of growth for Littlefish which almost doubled revenues from £18.6m to £36.4m since LDC came on board in 2019.
Littlefish also opened a new office in Sheffield and more than doubled its headcount to employ over 450 people across its Nottingham, Sheffield and London offices.
Littlefish CEO Steve Robinson said: “The business has been on a significant growth journey over the last 12 years, which has been achieved almost entirely organically.”
David Bains, Partner and Head of the East Midlands and East of England at LDC, added: “Littlefish is a stellar example of our growing tech industry here in the heart of the East Midlands. Its expansion is a testament to the strength of the proposition that Steve and his team have developed.”
