The business specialises in providing information, analysis and connection for senior professionals in the alternative asset classes of private equity, real estate, infrastructure, private debt and other, newer emerging classes such as agriculture.
In September 2015 LDC backed the management buyout of PEI Media Group. LDC backed the strong management team led by Chief Executive Tim McLoughlin and has made a significant equity investment in return for a minority shareholding.
Since then, the business has significantly invested in the development of its digital and content capabilities, enhanced its subscription offering and doubled revenues from its events arm, which now has a portfolio of premium international annual conferences. As a result, PEI Media has grown revenues by 78 per cent to more than £32m in the financial year ending December 2017, with employee numbers increasing by 30 per cent during the same period.
In June 2018, LDC exited its investment in a sale to Bridgepoint Development Capital. The transaction provided a money multiple return of 3.5x and an IRR of 70 per cent for LDC.
In July 2018, LDC completed a minority reinvestment in PEI Media alongside Bridgepoint Development Capital, the company’s founders and management team.
Having LDC on board as our private equity partner has given us the support needed to drive the business forward. We are now well placed to continue our growth journey, as we look to consolidate our position as the market-leading information group for alternative assets.Tim McLoughlin, Chief Executive, PEI Media Group