Mid-market private equity firm LDC has appointed John Garner to head its operations in Yorkshire and the North East as it steps up its investment in the region.
He will take over the role from John Swarbrick, who has led LDC in Yorkshire and North East over the past 12 years. Swarbrick will remain with LDC on a part-time basis until the end of 2013 to assist in a smooth transition. He will also remain as a non-executive director on several of LDC portfolio company boards.
Garner (pictured) qualified as a Chartered Accountant with KPMG in London, where he spent nine years as a corporate finance adviser. He joined LDC in June 2006, subsequently heading its East Midlands operation in Nottingham.
He has experience of a wide range of sectors having led LDC’s investments in freight distributor The Pallet Network, pet food manufacturer Cranswick Pet & Aquatics, mechanical engineering contractor PJD, security firm VSG and electrical protection company Omega Red.
Earlier this year, LDC appointed Dale Alderson as an investment director from Deloitte’s corporate finance team in Leeds, working alongside investment director Tony Norwood, who joined in 2009 following five years with Bank of Scotland Integrated Finance in the North of England.
The City Square based team also includes director Steve Harrison, who works closely with LDC’s portfolio businesses across the region.
Garner says: “I am delighted to be taking over the reins from John Swarbrick. Our track record in Leeds has been outstanding and this is in no small measure due to John’s leadership and relationship based management style.
“I have a mandate to build on this platform and continue to increase LDC’s level of investment in the region’s mid-market companies.
“I’m looking forward to developing our relationships with the market and wider business community and supporting the growth aspirations of management teams.”