ByBox, an Oxford, England, UK-based specialist in smart locker technology and field service solutions, received a strategic investment from Francisco Partners.
The deal, which values ByBox at £221m, marks an exit for LDC, a mid-market private equity investor. LDC originally provided £37.5 million of development capital in 2016.
The company will use the proceeds from the investment for the expansion of its UK infrastructure and global deployment of its “Konnect” app-locker solution.
Established in 2000 by Stuart Miller, CEO, ByBox provides app-lockers that systematically address the core challenges of the field service supply chain, improving security, reducing transport costs, increasing visibility and improving technician efficiency.
The company also has offices in Burlington, Massachusetts.