LDC Acquires learndirect

LDC, the mid-market private equity arm of Lloyds Banking Group, has acquired Ufi Limited, a UK-based online learning provider trading as learndirect, for approximately £40m.

LDC bought the company from the Ufi Charitable Trust (UCT), a registered charity set up in 1998 to use new technology to transform the delivery of learning and skills.

Launched in 2000, Ufi provides courses in areas such as maths, English and IT.

The investment will help learndirect develop its business and expand across a broader range of product and services. The management team will led by new chair of Ufi Ltd Ian Crabb, a former CEO of IKON Office Solutions UK, IKON Office Solutions Europe, Quadriga Worldwide Limited and a partner at Permira CEO.



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