Sala in £52m merger with EDM

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The Independent Online

Sala International has merged with rival document management business EDM Group in a £52m deal.

Sala was backed by private equity house LDC, while EDM was backed by ECI Partners. The merger sees ECI Partners leave its investment. LDC invested £11.5m in Sala International in December 2010 as part of a buy and build strategy. It was followed by an additional £4.2m funding package to acquire two businesses, Arrow Imaging and Microstat.

LDC has put in a further injection of equity funding, alongside funding from Lloyds Bank Corporate Markets.