Largotim Holdings Ltd, Dudley, West Midlands, the holding company of software and consultancy house Largotim, has secured ?2.5m of equity capital from investment capitalists, 3i. The funding enables Largotim Holdings to acquire 100% ownership of all its subsidiaries and expand its European operations, currently in Holland and Germany, as well as the UK, and to open a Paris office servicing Southern European customers. The deal gives 3i a 25% shareholding. The deal puts Largotim in a position to float within the next three years, says the company. The 200-plus-employee Largotim’s turnover to year-end March 1994 was ?15.2m. Largotim founder David Redwood becomes group chief executive.
