LDC scoops trio of awards at South West Dealmakers

LDC’s South West & Wales team collected a trio of successes at the South West Dealmakers Awards last night, as it was named 'Private Equity House of the Year'

The judges praised the team as the ‘most consistent’ equity funder in the South West.

The award win came alongside triumphs for portfolio company Amberon and LDC’s exit of A-Gas to KKR, which collected 'Company of the Year' and 'Deal of the Year' respectively.

Amberon, one of the UK’s leading providers of traffic management services, secured a £25m funding package from LDC and HSBC in July 2017. The investment has since funded the business’ regional expansion.

Deal of the Year was awarded to KKR’s acquisition of A-Gas, a market leader in the distribution and life-cycle management of speciality gases and chemicals.

LDC originally invested £29m in A-Gas in 2011 to support its growth strategy, and subsequently invested £30m to support the company’s acquisition programme. It exited its investment to global investment firm KKR in June 2017 and the deal was praised by the judges for its ‘scale and complexity’.

LDC's Simon Hemley said: “The Dealmakers Awards are an important milestone in the region’s business calendar, and it’s fantastic for the team to be recognised for both the strength of its proposition and performance.

“Our portfolio company Amberon similarly enjoyed success, which is a credit to the hard work of its management team. The quality of deals and businesses shortlisted this year was extremely high and we’re incredibly proud to be part of the South West investment community.”

Notes to Editors

  1. LDC is the private equity arm of Lloyds Banking Group and is authorised and regulated by the Financial Conduct Authority.  
  2. LDC backs ambitious management teams from UK-based medium sized companies seeking up to £100m of investment to fund management buyouts or development capital transactions.
  3. LDC invests in a broad range of sectors and has particular experience in Healthcare, Industrials, Retail & Consumer, TMT, Travel & Leisure, Support Services, Construction & Property and Financial Services.
  4. LDC has a UK regional network with locations in Aberdeen, Birmingham, Bristol, Cardiff, Edinburgh, Glasgow, Leeds, Newcastle, London, Manchester, Nottingham and Reading.