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LDC adds senior hire to London team

LDC, a mid-market private equity investor, has strengthened its London team with the appointment of private equity specialist, Philip Weston, as an investment director.

The expansion is part of LDC’s nationwide pledge to invest GBP1.2 billion of equity in UK small and mid-sized companies over the next three years, with its team in the capital seen as an important driver in this commitment. The hire creates a 10-strong investment team in London, part of LDC’s 50-strong national team.
 
Weston joins from Kelso Place Asset Management, where he was a partner with more than 15 years’ experience executing private equity transactions and driving revenue growth of an investment portfolio. This includes M86 Security, Anya Hindmarch, i2S Group, MDNX, Smythson, RED Driving School. Prior to this, Philip ran M&A projects for Kvaerner plc and British Gas plc.
 
At LDC, Weston will be responsible for identifying investment opportunities, leading transactions and supporting LDC’s portfolio of companies, which includes recent additions online travel agent BlueBay Travel, provider of strategic medical communications Lucid Group and cloud communications specialist IP Solutions.
 
Yann Souillard, head of LDC in London and the South, says: “Philip is an experienced investor in both industry and private equity. He brings a strong skill set to the team as we look to deliver our commitment to invest GBP1.2 billion across the UK over the next three years, as well as drive value within our portfolio.”
 
Weston adds: “LDC is the most active private equity house in the mid-market space, which naturally makes joining the team an exciting prospect. With an ambitious investment commitment for the next three years, I am very much looking forward to playing my part in helping deliver this, supporting the growth of firms in London and beyond.”

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