Houlihan Lokey Advises LDC

Houlihan Lokey is pleased to announce that LDC, one of the UK's leading mid-market private equity firms, has successfully completed the management buyout of FC Business Intelligence (FCBI). Houlihan Lokey served as exclusive M&A and financing advisor to LDC on the transaction, which closed on August 23, 2018.

FCBI is a global events company delivering conferences and exhibition events with a focus on providing thought leadership in a diverse range of sectors that are facing both challenges and opportunities from technological and strategic innovation, including the energy, insurance, pharmaceuticals, transportation, and travel sectors. FCBI operates globally, with 65% of the company’s annual turnover of £30 million generated in the US, 20% in continental Europe, and 10% in the UK.

LDC is backing FCBI’s existing management team, led by Chief Executive Officer Piers Latimer. The investment will enable FCBI to target further organic growth as it plans to increase the scale of its events and expand into new markets, including Asia.

Houlihan Lokey served as exclusive M&A and financing advisor to LDC, seamlessly integrating its industry expertise and debt capital markets specialisms to deliver an optimal outcome. This transaction also adds to the extensive track record of Houlihan Lokey's Data & Analytics Group, previously operating as Quayle Munro prior to its acquisition by Houlihan Lokey.