RWK Goodman advises LendingMetrics on significant LDC investment
RWK Goodman has advised LendingMetrics, the credit risk technology group, and its senior management team led by co-founders Neil Williams and David Wylie, in securing a significant investment from LDC, the private equity investor which is part of Lloyds Banking Group.
Founded in 2010, LendingMetrics’ software and data solutions help hundreds of companies to make highly sophisticated automated and risk-based lending decisions. Clients include building societies, online lenders, mortgage companies, credit card providers and commercial lenders.
LDC’s investment and strategic support will help LendingMetrics to scale its presence in the UK’s fast-growing decisioning software and data market, accelerate new product development within its core financial services sector and expand its network of partners in its consultancy and data services division.
Neil Williams, CEO of LendingMetrics, commented:
“We’re extremely proud of what we’ve achieved in the last 14 years, the fantastic team we have built and of the great partnership we have fostered with many clients and partners who have been part of our journey so far. With the support of LDC we can invest for further growth, especially in our R&D team.”
“We were really pleased to work with the RWK Goodman team as our lawyers who helped us navigate the key issues and complexities on this transaction. They guided us through the legal and documentation aspects, working seamlessly with our other advisers, and have been there to support us every step of the way.”
Edward Hoare, Partner in the Corporate team at RWK Goodman commented:
“We are delighted to have supported LendingMetrics’ shareholders and management team on the transaction. This was a significant deal, where we provided specialist legal advice working alongside their other professional advisers in the UK and Australia. We wish David, Neil and the management team every success in the next phase of their journey, as they continue to grow and evolve the business.”
The RWK Goodman Team was led by Corporate Partners, Edward Hoare and Bharti Moore and corporate associate Hector Freyne with support from David Israel (Employment). Other advisers included Sequence Advisers (Corporate Finance), Cheesmans, (Accounting), Pitcher Partners (Australian Tax) and Parisi Tax (UK Tax).
LDC was advised by FRP Corporate Finance (corporate finance), Womble Bond Dickinson (legal), BDO (financial and tax due diligence), Armstrong (commercial due diligence), Coppett Hill (sales due diligence), Alvarez & Marsal (tech due diligence) and Aon (insurance due diligence).
The transaction is subject to FCA approval.
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