LDC exits investment in Hybrid to EAB

Graduation hats
Deal typePrivate Equity & Transaction Services
IndustryEducation & Technology & Media
Sub-industryMarketing services & Media and entertainment
Client nameProject Fusion Bidco Limited (Hybrid Media Limited)
BDO has provided vendor financial and tax due diligence services on LDC's exit from their investment in Hybrid to US-based education company EAB.

Hybrid is a global leader in higher education marketing, helping institutions drive student enrolment through insights, AI-driven technology, creative, and digital strategy. LDC has exited its investment in Hybrid following a successful four-year partnership that delivered significant growth and international expansion. The acquisition by US-based education company EAB marks the next chapter in Hybrid’s journey, combining its global expertise and AI-powered solutions with EAB’s deep understanding of the US higher education market.
 

"Working with Conor, Iona, and the wider BDO team was a genuinely positive experience. They were approachable, supportive, and consistently provided clear, relevant guidance throughout the process. Their deep sector knowledge and US transaction experience, coupled with hands-on collaboration at our Bristol offices, allowed them to quickly grasp our operations and present our results with real clarity. Their expertise was instrumental in delivering Hybrid’s successful transaction and positioning us strongly for future growth. I thoroughly enjoyed partnering with BDO and would highly recommend them to any company embarking on a similar journey."

Will Langton, Chief Financial Officer, Hybrid Media Limited

 

"It was a pleasure to work with Hybrid on this transaction. This deal is an exciting example of how sector specific media expertise can create real value and deliver successful outcomes. It also highlights the significant opportunities that a well-executed US expansion can bring for ambitious businesses. We’re proud to have supported Hybrid through this process, as and look forward to seeing their continued success."

Iona Stevenson, Director, BDO LLP


The BDO project team included:

Conor Lambert, Iona Stevenson, Daniel Anderson, Taylor Pearce, Hannah Ibrahim, Davina Dhaliwal (Financial due diligence)
Nuala McLaughlin, Nathan Hughes and Samantha Grace Watterson (Tax)