LDC backed a multi-million pound deal in VSG in 2007 which provided the business with a major financial boost. This deal helped the business achieve its growth plans and enabled the management team to further expand the business in the manned guarding sector and the provision of electronic security systems.
In 2010 LDC sold its stake in VSG which was acquired by FTSE 100 listed Compass Group plc.
Since LDC invested in 2007, VSG has outperformed against its competitors and delivered substantial sales and profit growth. Turnover has increased by over 50% to £140million while employee numbers have also risen considerably from less than 4000 (2007) to nearly 6000 (2010).
We have enjoyed working closely with VSG’s management team over the last three years, during which time we have enhanced performance and successfully generated scale in the business. Growth has been achieved both organically and through acquisition, which we consider to be fundamental in our continued support of the businesses we invest in.Martin Draper, Chief Executive, LDC