£8.3m Investment
Published: 24 September, 2009
LDC, the private equity arm of the Lloyds Banking Group, has invested an additional £8.3m into Microlease Limited, the European provider of Rental and Asset Management Services to the Test Equipment market.
LDC backed a £30m MBO led by CEO Nigel Brown in 2006 and the business has grown rapidly since then, fuelled by new customers won and growth in adjacent services. The additional funding by LDC is designed to finance strong organic growth combined with possible acquisitions over the next 24 months to take advantage of opportunities arising from the current market conditions.
Microlease offers a broad range of services to the Test & Measurement market, including rental, leasing and sale of Test Equipment as well as calibration and asset management services. As global economic conditions have worsened Microlease has seen an increase in demand for rental and leasing services from companies that are looking to reduce capital expenditure on equipment. Demand for Asset Management services has also seen strong growth as customers look to Microlease to help them improve the utilisation on their assets.
Microlease is based in the UK and operates across Europe, Africa and the Middle East as well as in the Americas.
For further information: www.microlease.com
