Lloyd's Development Capital (LDC), the private equity arm of Lloyd's Trustee Savings Bank, the third largest bank in the U.K. (and state-backed) announced today that it has acquired a majority stake in leading web hosting provider UK2Group. The equity group paid a total of $77 million for its majority stake in partnership with the current management team.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/bjIf2XdVjH4/
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