LDC backs Adler and Allan buyout

OIL and environmental services business Adler and Allan is planning for further expansion after undergoing a secondary buyout backed by private equity house LDC.

LDC has taken a significant minority stake in A&A, with the backing of senior debt facilities from HSBC.

The investment will support the organic growth of the Harrogate-based business, development of its existing product and service offering and deliver funds for future acquisitions.

The transaction provides an exit to Spirit Capital, which invested ... For the full story register now for free or login below...

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