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BDO has advised private equity investor LDC on its investment into digital transformation and cybersecurity consultancy UBDS Group.
LDC was advised by BDO’s London M&A Deal team, including Gordon Carstairs, Will Tingle, Andrew McAlpin and Dom Kuttel. LDC was also supported by BDO’s Debt Advisory team, including Ross McDonald, Steve Carr, Will Reeve and Emma Morris.
LDC, which is part of Lloyds Banking Group, is backing the UBDS Group management team to support its organic and acquisitive growth strategy.
UBDS Group has grown rapidly since its launch in 2019, increasing its revenue by almost 150% over the past three years.
Headquartered in London with offices in Manchester and Bengaluru, UBDS Group employs approximately 300 people.
Its recent expansion has been supported by two acquisitions in 2024 – AWS consultancy Rayo and cybersecurity firm 3B Data Security.
The consultancy’s management team is led by chief executive Alex Gore, alongside chief financial officer Kevin Wheeler, group chief client officer Sam Pillai, group chief solution architect Paul Collins, group chief technology officer Matt Johnson and group chief people officer Emma Durkin.
As part of the transaction, founder Diptesh Patel will transition to a non-executive director role, while Peter Sweetbaum has been appointed chair.
The investment was led by LDC partner Aylesh Patel, partner Chris Baker and investment manager Ana-Maria Garaba. Patel and Baker will join the UBDS board.
Gordon Carstairs, partner at BDO, said: “It has been great working with the team at LDC on such an exciting investment. BDO’s private equity credentials mean we are ideally placed to support investors and businesses looking towards PE to accelerate growth.
“There’s been strong levels of activity in the tech M&A space in the first half of 2026 and this is an excellent example of the appetite from investors to back exciting, high quality, mid-market businesses to drive growth.”
Alex Gore, CEO of UBDS, added: “We’re proud to have built a business that’s trusted by some of the largest organisations in the public and private sectors thanks to our dedication to client outcomes, security and reliability.
“With LDC’s support and technology sector experience, we’re confident we can accelerate our organic growth and pursue targeted acquisitions to add real capability. We’re looking forward to working together.”
