Graphite Capital, a UK mid-market private equity specialist, agreed to acquire Babble Cloud, a unified communications, cloud contact centre and cyber security provider from Lloyds Development Capital, for $112m. LDC retains a minority stake in Babble and the management team is reinvesting a substantial proportion of its proceeds. “We were impressed by Babble’s talented management team and its proven growth strategy, continually building on its strong recurring revenue base. Babble is a leading player in a very large and attractive market, working closely with its customers and enabling them to move to cloud-based UCaaS, CCaaS and cyber solutions. We look forward to working with Matt and the team to take Babble to the next level,” Humphrey Baker, Graphite Partner.