LDC, the private equity arm of Lloyds Banking Group, is increasing its support of the UK’s mid-market through a new commitment to invest in at least 100 medium-sized businesses over the next five years.
LDC, the private equity arm of Lloyds Banking Group, is increasing its support of the UK’s mid-market through a new commitment to invest in at least 100 medium-sized businesses over the next five years.
The pledge follows another standout year for LDC after investing more than GBP400 million in 2021.
In its annual performance summary, LDC Chief Executive Toby Rougier, said its regional presence combined with deep sector experience had enabled the firm to increase its rate of investment.
LDC, which operates from 12 regional locations, backed 19 new management teams last year, despite continuing disruption caused by the Coronavirus pandemic.
Investments included British security systems manufacturer Texecom, specialist media sector IT provider Sohonet and healthcare business Kingswood.
It also provided additional capital to existing portfolio companies to complete 65 acquisitions, helping them to scale and diversify.
