Announced
Completed
Synopsis
Private equity firm LDC completed a £110m investment in Evolution Funding, a B2B car finance broker. "Evolution Funding is a classic example of an entrepreneurial business that is disrupting a market with innovative technology to the benefit of its customers. Lee, Jeremy and the team have been forward-thinking, consistently growing the business since its inception, with a clear commitment to customer service and compliance. There’s a significant opportunity to scale further in the UK, working with new partners, and by investing in its market-leading Evolve platform and digital capabilities as well as its customer-facing product, MyCarCredit, which has significant potential," Lawrence Dean, LDC Investment Director.
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