As someone who runs a national business from my base in the Midlands, I know that our strong regional economy is one of the most resilient in the country. The diversity and heritage of the Midlands business landscape continues to make it an attractive prospect for investors, even against the backdrop of uncertainty following the EU Referendum vote.
At LDC, we see first-hand just how much the region has to offer – a wealth of businesses with a drive and determination to lead, innovate, grow and export, and ambitious management teams that when partnered with the right backers can have a transformational impact on the regional economy.
We’ve backed more than 150 such management teams from the Midlands, providing more than £1.2billion of capital to help them realise their potential.
Our award-winning Midlands team has generated more than £300million in exit proceeds since 2014.
2015 was a record year for LDC in the region, and 2016 is proving to be another busy year, with a number of exciting investments, successful exits and growing portfolio companies.
We kick-started the year by supporting the £175million secondary buyout of same day distribution firm CitySprint, and followed this by backing the management buyouts of two-man next day home delivery provider Panther Logistics and TXM Plant, the UK’s largest supplier of specialist operated plant to the rail sector.
Following a three-year partnership, British premium lifestyle brand Joules announced its £140million IPO on AIM earlier in the year, following which we reinvested in the business for a 7% holding.
We have also completed three sales to international trade buyers; the exit of premium aircraft interiors manufacturer Aim Aviation to Chinese aerospace manufacturer AVIC, Original Additions to a US trade buyer and Midlands commercial radio group Orion Media to Bauer Media Group.
And, most recently, we exited our investment in IT solutions provider Node4 in a sale to Bowmark Capital.
While each of these portfolio companies chose a different route for the next step of their journey, they all grew and thrived under LDC’s stewardship and we wish them all the best! It is an exciting time in the region, where a diverse and fast-growing economy is being boosted by a sustained period of inward investment, such as the New Street Station redevelopment, the introduction of HS2 and the launch of the £200million integrated leisure and entertainment complex Resorts World at the NEC.
To build on this position of real strength and confirm our commitment to the region, we have expanded both our Birmingham and Nottingham offices.
As LDC celebrates its 35th year of backing business ambition we continue to look for new relationships with quality, forward-thinking Midlands companies that want to accelerate growth and together build the game-changing businesses of the next 35 years.