Alantra advises LDC on its investment in Oracle specialist DSP



Sep 2023
Buy-side advisory

London – Alantra, the independent global mid-market financial services firm, has advised LDC, a leading private equity investor and part of Lloyds Banking Group, on its investment in specialist database, cloud and applications managed service provider, DSP. The transaction marks an exit for YFM Equity Partners.

DSP is an Enterprise Data and Cloud Platform specialist that manages high performance database and IT infrastructure with market leading expertise and capabilities in Oracle, SQL Server and Multi-Cloud technologies. As one of Oracle’s leading European Partners, DSP provides its Oracle Cloud Infrastructure, technology and applications expertise to customers in a wide range of sectors, including financial and professional services, transport, healthcare, education and the public sector.

Led by CEO Simon Goodenough, DSP has enjoyed strong and consistent growth over the past five years, driven by a combination of investment in its people, investment in new product and service capability and complementary strategic acquisitions. Last year, the business expanded its service capabilities through the acquisition of UK-based Oracle Applications Partner Claremont, its fifth acquisition to date, which increased its client base to over 500.

With LDC’s support, DSP will further expand its customer offering through continued investment in its team. It will also further enhance its product and services capability, both in the UK and new international markets, with its acquisitive growth strategy targeting expansion into North America and Europe. 

DSP will also continue to invest in its people-first culture, which contributed to Simon Goodenough being recognised as one of the UK’s most exceptional entrepreneurs as part of The LDC Top 50 Most Ambitious Leaders programme in 2019.

Alantra’s UK Technology team, including Robert Young, Simon Roberts and Jamie King, advised LDC.

Robert Young, Director at Alantra, said, “It was a pleasure advising LDC on its investment in DSP, a business we know well and have admired for some time. We applied a combination of our deep sub-sector knowledge, our global reach and strong process execution skills to deliver a successful outcome for LDC. We look forward to watching DSP’s ongoing success in partnership with LDC.

This transaction is yet another example of continued interest in the technology consulting sector and extends our leading track record in the space – this is Alantra’s fourteenth technology consultancy transaction of 2023.”

Chris Baker, Investment Director at LDC, said, “DSP is an excellent business with a distinct people- first culture centred on delivering the best possible outcomes for customers. Oracle is the global leader in database technologies with exciting levels of innovation and adoption within its Cloud Platform and OCI products.  DSP’s ability to help customers manage, optimise and modernise these technologies is really clear to see – and its reputation amongst its customers is a key reason for LDC wanting to partner with Simon and the team.

As the UK’s leading Oracle Cloud managed services provider, DSP is uniquely positioned to further enhance its customer offering and scale globally. We are excited to support Simon and the team in delivering DSP’s next phase of growth.”

Simon Goodenough, CEO at DSP, said, “From early on, LDC’s technology expertise and management-led approach were clear to see.  They took the time to understand our business and our ambition for the future, drawing on their experience of helping technology businesses scale.”

“We’ve grown significantly in recent years, both organically and by bringing fantastic, complementary businesses into the DSP family, which has helped us broaden our customer offering and service capabilities. I’ve been fortunate to work with first class leaders, both alongside me on the board and indeed throughout the whole company. We are now firmly established as the UK and Ireland’s leading Oracle  services provider for Cloud, Database Technology and Applications. The LDC team has a strong track record in helping management teams of technology businesses to expand through acquisition, and this makes them the perfect partner to help us achieve our ambitions.”

The transaction is expected to complete in early October 2023.

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