TDC has seen the successful exit of Nineteen Group from TDC Fund III following the transfer of the asset from Phoenix Equity Partners’ (“PEP”) flagship fund into a newly formed Growth Partnership Fund along with another PEP asset. Nineteen Group is a London-based organiser of B2B trade shows and exhibitions which has been majority owned...

NRG Riverside (NRG), has been sold to Astatine Investment Partners, as TDC and Palatine exit the business following a period of significant growth. Since 2020, NRG’s revenue has grown more than 50%, with employee headcount increasing to more than 220 across 10 sites. As an early investor, Manchester-based TDC invested in the West Lancashire-based fleet...

A pair of entrepreneurs have continued to develop and expand a leading IT and managed services platform following the acquisition of Novem, a South Manchester-based managed services provider. The acquisition was supported by private credit provider, TDC. Alex Heslip and Chris Earle exited from Verastar in 2021, setting out on a buy-and-build strategy to create...

Since joining TDC in 2023, I have really enjoyed the challenge of helping the business continue its ambitious growth journey. TDC has made great progress in the last 18 months, building a strong reputation of lending to mid-market private equity-backed business across the UK. Today, however, I wanted to shine a light on our second...

Keysource Group, a TDC portfolio company, has acquired GDM Building Consultants LTD (GDM) and 2bm. Founded in 1982, Gatwick-based Keysource Group is a leading critical facilities specialist that counts HM Treasury, Willis Towers Watson and Garmin as clients. It offers data centre solutions and strategic advisory services across the UK, EMEA, and the US. TDC...

Manchester headquartered private credit investor, TDC, has strengthened its lower mid-market offering with two new appointments and two promotions. This follows an active end to the year for the TDC team, having committed over £180m of new capital across 2023 and delivered three successful exits. Joining the team as a Portfolio Director, Mark Adams brings...