PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Souillard appointed new head for LDC South

LDC, a leading UK mid-market private equity firm, has appointed Yann Souillard (pictured) as Managing Director of its Southern region. Souillard replaces Kevan Leggett who announced his retirement earlier this year.

Previously a Director in LDC’s London team, Souillard joined the business in 2004 following seven years at Barclays Leveraged Finance. During his time in London, he focused on LDC’s full GBP2 million to GBP100 million investment range and played a key role on transactions including Sala International, a document archiving and records storage company, and Microlease, a provider of electronic test and measurement equipment.
 
Souillard will be responsible for a seven strong team which includes Richard Stewart and Martin Rowland in Reading, and Ian Podmore in Bristol, who will collectively continue to build upon LDC’s success in the region.
 
In the past five years LDC in the South has invested approximately GBP260 million and generated pre-tax profits of GBP160 million. In January this year, the team backed Oxfordshire-based eConveyancer, a fast growing provider of software for online conveyancing and home buyer search services, and in April, invested in Bristol-headquartered A-Gas, one of the largest providers of specialist industrial gases and chemicals.
 
In 2010 the South team also launched the GBP100 million Southern High Growth commitment which targets support for businesses in the South requiring between GBP2 million and GBP10 million for expansion, development and buyout funding.
 
Darryl Eales, CEO of LDC, says: “Yann’s promotion is testament to his commitment and investment acumen as, for the past seven years, he has been an integral member of our London team and built an excellent track record. He is the ideal appointment to lead the South team and develop the business.”
 
Souillard adds: “LDC has the strongest regional network of any private equity house and being offered the position of MD for the South, a key geographical location, was too good an opportunity to pass up. The region boasts a strong corporate finance community and a large number of quality businesses.  I look forward to moving to the region and beginning my new role.”
 
So far during 2011, LDC has invested GBP155 million in six businesses, including London-based leading web hosting provider, The UK2 Group; Birmingham-based safety solutions provider Kee Safety; and musicMagpie, a purchaser and multi-channel retailer of replay CDs, DVDs and games, based in Macclesfield.

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured