LDC completed the acquisition of a minority stake in Cellhire.

LDC, a mid-market private equity house, completed the acquisition of a minority stake in Cellhire, a global mobile communications company and providor of voice and data solutions around the world. Financial terms were not disclosed. “We are excited to be backing Tim, Martyn and their team. They are at the forefront of innovation in the sector and we see there is huge scope to grow the business particularly as the business develops its IoT offering and the market opens up to a growing number of use cases. We’re looking forward to supporting them as they continue to expand their proposition across the world,” Dan Smith, LDC Partner and Head of Yorkshire.