Lloyds TSB Development Capital leads #32 million IBO of Transaction Technology.

Investee Company – Transaction Technology Ltd.

Investee Company Country – UK

Investee Company Business Type – Accountancy software

Type of Financing – Institutional Buy-Out

Equity Providers – Lloyds Development Capital.

Equity Leader (Individual) – Patrick Sellers

Debt Providers – Royal Bank of Scotland

Debt Type – Senior and mezzanine

Debt Leader (Individual) – Jerry Wilson

Equity Amount – £13 million

Total Deal Value – £25.5 million

Other Advisors – SP Merger Group, Olswang, Price Waterhouse Coopers.

Comments – The financing for this transaction was complex in its breakdown. The amount of senior debt and mezzanine finance provided by Royal Bank of Scotland was £12.5 million. The management of Transaction Technology, and Lloyds Development Capital invested £5 million and £8 million respectively. Patrick Sellers of Lloyds Development Capital will take a seat on the board of Transaction Technology as a result of the financing.