U.K.-based mid-market private equity investor LDC (Managers) Ltd. sold PEI Media Group Ltd. to Bridgepoint Development Capital for an undisclosed amount.
The deal, led by LDC investment director Troy Harris-Speid and investment manager Alex Wilby, offers a money multiple return of 3.5x and an internal rate of return of 70% for LDC, according to a June 11 statement.
Livingstone Partners and Squire Patton Boggs served as advisers for LDC and PEI Media, with vendor due diligence completed by EY, PWC and Intechnica. Liberty Corporate Finance advised the management.
