Gateshead’s Aspire Technology Solutions Secures £200m LDC Backing
Since LDC first invested in 2022, Aspire’s revenue is up 158% and its headcount has grown 55%.
By North East Founders · Gateshead
Key points
- LDC is leading £200m of new investment in Aspire.
- The money will support expansion and an acquisition strategy.
- Aspire provides managed IT, cyber security and workplace services.
Gateshead-based Aspire Technology Solutions, which provides managed IT, cyber security and workplace services, has secured £200m of new investment led by private equity firm LDC.
Strong growth
LDC first invested in Aspire in 2022. Since then, revenue has reportedly risen 158% and headcount has grown 55%.
Buy and build
LDC says the new investment will help Aspire accelerate its expansion and support an ambitious acquisition strategy. Founder and chief executive Chris Fraser described it as an important new phase for the business.
