Cavendish advises Creative ITC in attracting significant minority investment from LDC.

Cavendish has advised leading cloud service provider Creative ITC in next step of its growth journey, as it secures a significant minority investment from LDC, the private equity arm of Lloyds Banking Group.

As a UK champion for ambitious companies, this deal is Cavendish’s twelfth technology sector deal this year.

Headquartered in London, and with a global datacentre and operating footprint, Creative ITC is the UK market-leading provider of high-power cloud computing solutions to the global architecture, engineering and construction (‘AEC’) sector. Creative ITC delivers specialist and mission-critical cloud infrastructure solutions, including its Desktop-as-a-Service offering and sophisticated data storage and back-up/recovery products.

Creative ITC’s international datacentre footprint allows its solutions to be delivered at high speed and low latency to customers, enabling the business to support demanding application environments, data processing and storage requirements on a global scale. Customers include architecture and engineering giants WSP, AtkinsRéalis and Foster + Partners.

LDC is backing Creative ITC’s management team, led by co-owners CEO Keith Ali and President Eamon Murchan. The firm’s investment and strategic support will help the business to deliver its ongoing growth strategy, along with acceleration into new markets and building out product capabilities. The backing from LDC will also enable Creative ITC to explore complementary acquisitions.

Paris McNicol-Outch, Associate Director at Cavendish said:

“With Creative ITC’s strong track record for growth, this is a strategic move for the business as part of its ongoing growth strategy, accelerating into new markets and building out new and existing product capabilities. We’re looking forward to supporting Creative ITC throughout its continued growth journey, which looks promising with the potential for acquisitions and further transactions in the future.”