The company is the smaller rival to Autodata, which was sold last month to the private equity owner of restaurant chain Las Iguanas, Bowmark Capital, for £150m after an intensely competitive auction process.
Financial information providers are highly desired by private equity groups because of their typically high margins and cash generation. However, London’s buoyant IPO market is luring many companies, meaning there are fewer assets available for private equity buyers.
Clifford Thames, which has over 75m car registration details, is headquartered in Chelmsford although it has offices in 10 countries across Europe, Asia Pacific and the Americas as well as outsource centres in Krakow, Poland and Chennai in India. The company has 450 employees.
A deal by LDC would come shortly after it sealed the acquisition of Anite’s travel business for £45m. LDC declined to comment.
LDC is the most prevalent private equity firm in the UK and has already signed several acquisitions this year. In April it announced a change in leadership after chief executive Darryl Eales stepped down following 11 years in the role.
Mr Eales has been replaced by co-heads Chris Hurley, deputy chief executive, and Martin Draper, chief investment officer.
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