Shoosmiths has advised Lloyds Bank’s private equity arm, LDC, on the provision of £37.5m of acquisition and development capital to accelerate the international growth of ByBox.

Headquartered in Oxfordshire ByBox provides technology-enabled locker-based solutions to help more than 250 blue chip clients including BT, Fujitsu, Npower, Marks & Spencer, Walmart and Vodafone to manage their engineering parts inventory and solve difficult supply chain problems.