Private equity boss ‘committed’ to East Mids after busy year
A major player in the private equity sector has told TheBusinessDesk.com that it is committed to the East Midlands after recording a “busy” year.
Richard Whitwell, who heads up the Midlands for LDC, said the company had completed six deals across the Midlands this year – the majority in the East of the region – and brushed off fears that Brexit has slowed activity.
He said: “While there’s no doubt that Brexit has stalled certain sectors in the region, we’ve not noticed an overall pause in activity. Our success has been built on not trying to guess the economic cycle; we’re not economists – we’re investors.
“A good management team will do well wherever they find themselves in the economic cycle, and there is an ongoing appetite from our funders, Lloyds Bank, to continue to support us.”
Whitwell, who has been with LDC for six and a half years, pointed to the huge number of private entrepreneurs in the East Midlands, saying LDC is constantly looking for ambitious management teams to work with.
He added: “The East Midlands has its own identity and many of the businesses and professional services advisers we work with are fiercely loyal to the region. Nottingham is a tight, small community and we all have to be a little more entrepreneurial than our counterparts across the UK. This is an important region for us – we’re definitely committed to the East Midlands.”
