We’re pleased to have supported longstanding client LDC, part of Lloyds Banking Group, on its latest investment as it takes a minority stake in myHappymind, the leading provider of digital mental health and wellbeing programmes for schools.
The partnership will enable myHappymind to accelerate its mission to provide preventative mental health support to children and young people across the UK and internationally.
Our private equity team, led by partners David Mkhitarian and James Down – with support from legal directors James Redshaw and Hannah Summers and associate Daneil McDonagh – provided buy-side legal advice to LDC, with additional support provided by our banking, tax, employment, property, pensions, commercial and data protection teams.
Founded in 2017 by CEO Laura Earnshaw, Cheshire-based myHappymind has grown rapidly in recent years, driven by increasing demand for preventative mental health support in schools. It now reaches hundreds of thousands of children and their families. In 2023, the business received NHS Innovation Accelerator status due to its high social impact and innovative approach for helping children improve their mental health.
LDC's investment will support the existing management team’s ambitious growth plans, which is underpinned by expansion into more schools, both in in the UK and internationally, as well as ongoing product development.
Laura Earnshaw, CEO and founder of myHappymind, said: "I founded myHappymind with a clear vision: to make positive mental wellbeing education part of everyday school life. Our team has since created programmes that are transforming outcomes for children and families, showing that prevention in schools is both possible and powerful.
“This partnership with LDC marks an exciting new chapter for us. The LDC team share our vision and bring the sector experience and network we need to help us expand our reach. Their support will be invaluable as we continue to grow and make a difference to young people's mental health."
Dale Alderson, head of the North West and partner at LDC, added: "We’ve been tracking the success of myHappymind for some time. So, when the opportunity arose to back Laura we knew we had to act quickly, completing the investment within three weeks of being chosen by Laura as her preferred partner.”
Completing this transaction in just three weeks is a testament to the collaborative approach of everyone involved. It demonstrates what can be achieved when all parties are aligned and focused on delivering a successful outcome. We’re proud to have supported LDC again on their latest investment and look forward to seeing myHappymind continue to flourish with its support.James Down
Corporate Partner, Hill Dickinson