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LDC supports ten of the fastest growing private equity-backed firms

Ten companies backed by LDC, the private equity arm of Lloyds Banking Group, have won places on a league table ranking Britain’s 100 private equity-backed mid-market companies with the fastest growing profits over their last two financial years.

The companies include fake tan supplier St Tropez (no 77) and InterContinental Brands (no 65), which manufacturers beverages such as Vodkat Schnapps and St Helier Pear Cider.

Inflexion Private Equity also fared well, with five of its investments qualifying, including clothing brand Jack Wills (no 22) and National Accident Helpline (no 96).

Three other private equity houses have four investments each on this year’s Sunday Times Deloitte Buyout Track 100. These are Hg Capital, whose investments include Pulse Staffing (no 6); 3i, which has backed dairy equipment manufacturer Fullwood (no 15) since the 1960s; and Gresham Private Equity, which is selling its investment in stairlift manufacturer Minivator (no 59) to Handicare this month.

The league table reflects some of the challenges faced by the private equity industry during 2009. Only 11 of this year’s Buyout Track 100 were the subject of buyouts in the last 12 months, compared with 26 companies bought out in the 12 months preceding the 2009 league table.

Mark Pacitti (pictured), corporate finance partner at Deloitte, says: “The results show that private equity-backed businesses are achieving strong profit growth through performance improvement measures and refreshed strategies. Private equity investors continue to play an important role in developing businesses and as the economy improves I expect to see increasing deal activity.”

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