LDC commits £225m for investment in next three years

LDC has committed £225m for investment in mid-sized businesses in Yorkhire and the North East over the next three years.

The private equity house is part of Lloyds Banking Group and the allocated money will be used to invest in “the broadest range” of transactions and sectors, in deals worth up to £100m.

Its recent deals include backing the MBO of global insurance technology specialist SSP and Prism Medical’s purchase of The Mobility Equipment Company.

John Garner, head of LDC in Yorkshire and the North East, said: “Our investment commitment is ambitious, but is easily matched by the hunger of management teams in the region to secure external funding and meet a partner that can offer strategic and operational support.”

 

The regional team has also been boosted by the appointments of Rob Powell, who started his pivate equity career at NatWest Equity Partners 20 years ago, and Zara Lane, who joins from Grant Thornton’s Newcastle office.