At this year's West Midlands Rainmaker awards, FDC is honoured to be nominated for both the Funder award and for the management buyout of Logik Logistics International under the Small Cap (under £15m) award along with Browne Jacobson, Gateley, Thursfields, Azets, Debrett's Private Finance, HB&O.
FDC provided Logik Logistics with a £4.7 million investment in June 2022. The funding supported a £6 million MBO led by CEO Dave York who continues as CEO. As part of the deal, experienced private equity investor Darryl Eales also joined the board as Non-executive Chairman.
Logik is a logistics firm based in the Midlands with expertise in the automotive, aerospace and retail sectors, with customers including leading brands such as BMW, Rolls Royce, Jaguar Land Rover, Aston Martin and Amazon.
Charlie Robinson, Investment Director at FDC, said: “We are thrilled to have been nominated at the 2023 West Midlands Rainmaker awards for the Funder award and for our deal with Logik. This deal shows how our funds at FDC can support SMEs with funding to help them achieve their business plans and reach their goals. We are looking forward to the event and are wishing everyone on the shortlist good luck on the night.”
Also nominated at the West Midlands Rainmaker awards is Mercia Asset Management under the Small Cap (under £15m) category for InHealth’s acquisition of the Mercia-backed C7 Health, the Private Company category for Aceleron £5 million investment from Mercia, and also the Public Markets category for Mercia’s acquisition of Frontier Development Capital.
