Apollo Group provides interior and exterior refurbishment services to properties in the social housing, education and healthcare sectors.
In 2006, LDC invested an undisclosed amount to enable Apollo Group to buy out the shareholder who founded the business in 1976 and to facilitate its continued growth.
The business significantly grew employee numbers by 50% and turnover grew by 33% throughout the investment period of just over one year.
LDC sold its stake in the business in a secondary buy-out led by its Chief Executive Officer and Bank of Scotland. As part of the exit the management team has reinvested in the company and a large number of employees have a shareholding in the business going forward.
In 2012 Apollo Group was merged with the Keepmoat Group of companies, the combined business is now called Keepmoat.
This has been a fantastic investment for LDC and the business, which has significantly grown employee numbers as well as turnover since we backed the first buyout.Regional Managing Director, LDC