AppCheck – Nothing left unchecked
RSM’s deal services team has successfully advised on the sale of AppCheck Limited (AppCheck) to LDC (Managers) Limited (LDC).
The client
AppCheck is a market leading B2B cybersecurity SaaS provider with its own proprietary platform, delivering automated security testing and vulnerability management solutions to organisations worldwide. Based in West Yorkshire, the business serves a portfolio of well known and trusted clients across multiple sectors, supporting the continuous identification and remediation of security risks across applications, APIs, infrastructure and cloud environments.
LDC is a leading UK mid market private equity firm, part of Lloyds banking group, with a strong track record of backing high growth technology enabled businesses. LDC’s minority investment in AppCheck will support the next phase of growth, combining the strength of AppCheck’s proprietary cybersecurity platform with LDC’s capital, strategic support and experience of scaling high growth technology businesses.
RSM UK’s solution
RSM’s deal team managed the investment, led by Steve Hubbard alongside Beth Woodings and Matthew Beck.
The investment creates a strong platform to accelerate AppCheck’s continued organic growth, ongoing product innovation and the expansion of its proven capabilities in the UK market and increasingly in overseas markets.
Testimonial
“We are extremely grateful to the RSM team for their hard work and commitment throughout the transaction. They were approachable, responsive and consistently acted in our best interests. Their deep understanding of the software and private equity markets, combined with strong technical and accounting expertise, gave us confidence at every stage. RSM guided us through a demanding process with clarity, helping us secure the right partner in LDC and an outcome we were very pleased with.”
Lloyd Devey, CEO
AppCheck Limited