LDC backed the original management buy-out of Motorclean in 2005. The business performed strongly since the deal in spite of the challenging economic environment, reflecting the strength of the management team and an on-going trend for motor dealers to outsource non-core activities.
In 2011, Motorclean was acquired by Matrix Private Equity. They invested £6million as a combined debt and equity package alongside a commitment from Lloyds Commercial Finance.
At the time of the original MBO I was impressed with the high calibre of the management and convinced that the company was poised for further exciting growth. Motorclean has more than matched those expectations and I think the company is an excellent illustration of the success of LDC’s investment philosophy of supporting management teams and adding value to our investments. In Matrix, the company has the ideal partner to facilitate its future success.Yann Souillard, Managing Director, LDC