BDO provided financial and tax due diligence to Aspire Technology Solutions on its new investment from LDC.
The BDO LLP Transaction Services team has supported Aspire Technology Solutions and LDC as part of a major new round of investment into the business to accelerate the company's expansion and support an ambitious acquisition strategy.
LDC has reinvested in Aspire, a leading provider of managed IT, cyber security and modern workplace solutions for a significant minority alongside new minority co-investor Federated Hermes.
In the three years since LDC’s original investment in 2022, Aspire has delivered strong and sustained growth, with revenue up 158% and headcount increasing 55%. The company has also expanded its UK reach and completed two strategic acquisitions. This latest investment positions Aspire to accelerate its plans and advance toward its £100 million revenue target for 2030.
Founded in 2006 and headquartered in Gateshead, Aspire supports more than 2,000 organisations and over 30,000 end users across the UK. The company delivers a comprehensive technology portfolio spanning managed IT, cyber security, cloud, connectivity and unified communications.
“This investment marks an important new phase for Aspire. Our growth has always been driven by a clear focus on our customers and on delivering innovative solutions with exceptional service. That focus has set us apart and it remains the foundation of everything we do.”
Chris Fraser, Founder and CEO
The BDO due diligence team included:
Dougal Baxter, Andrew Sproule, Theo Chauhan-Jenkins, Gurdev Singh and Laura Ghazireh (Financial Due Diligence)
Nuala McLaughlin, David Rogers (Tax Due Diligence)