LDC Manchester has today announced its move to new premises at 82 King Street.
The firm has taken up 6,500sq ft on the tenth floor of the landmark office development, which is one of central Manchester’s most iconic and distinctive buildings and was the former home of the Bank of England in the city.
Jonathan Bell, director and co-head of LDC in the North West, said: “We have a proud history in Manchester and since our office was launched back in 2000, we have been committed to supporting the development of the region’s most ambitious businesses.
“Following a strong start to 2016, in which we’ve helped to deliver transformational growth across our portfolio companies, it seems fitting that we continue to build our presence in the core of Manchester’s commercial district.”
LDC’s local team has been responsible for a number of standout transactions in recent months, including the management buyout of Hull-based Giacom, the fast-growing cloud IT and communications solutions provider.
The firm has also completed a number of divestments from its portfolio, including the sale of Synexus in a deal that valued the business at £178m, and the £50m sale of fast-growing pub and restaurant business New World Trading Company to Graphite Capital.
The new office will provide room for the future growth of LDC’s 6-strong investment team in the region, which is led by directors Ged Gould and Jonathan Bell, and supported by investment directors Chris Wright, Richard Ibbett and Simon Braham, and deal origination manager Gillian Sharman.