LDC announces promotions and new appointments

LDC, the leading mid-market private equity investor, has announced several promotions, new roles and appointments on the back of a successful year of investments and exits.

The firm, which operates from nine local offices, said the changes were a continuation of its strategy of further strengthening its regional operating model and driving new investment opportunities across the UK mid-market.

Recognising recent success in the Midlands, including the secondary buyout of Neilson Active Holidays, Richard Whitwell, currently head of East Midlands, has been promoted to Director and Head of the Midlands region. Rob Schofield, based in LDC’s Birmingham team, also becomes a Director following the successful £52.8m sale of TPN to Eddie Stobart and the £13m investment into Asset Solutions Group.

Director Andy Lyndon, whose recent transactions include LDC’s investment in SMH Fleet Solutions and exits from ATCORE Group, Kee Safety and A-Gas, has been appointed Head of the South West and Wales, He will build the scale of investment from LDC’s Bristol and Cardiff offices, given the opportunity across the region.

Three promotions are announced in LDC’s London team. Christian Bruning has been promoted to Director, alongside Aylesh Patel and Alex Wilby who both become Investment Directors. This follows a successful period for the London team, having invested £75m across four investments so far this year; Martin Audio, Right Choice Insurance Brokers, Paladone and FC Business Intelligence, alongside the notable exits of BOFA International, PEI Media and Capital Economics.

The firm also announced six new hires across its network and central functions, including Lee Donaldson as Investment Director in Scotland who joins from RBS’ Structured Finance team and Delores Noriega as Investment Manager in LDC’s Value Enhancement Group from JP Morgan.

Others include Alex Dickie, who joins as communications manager from Teneo Blue Rubicon and three new members of the finance team; Fatta Thapa and Rowena Gonsalves both joining from Augentius, and Angelica Tanguinod from IGC.

Martin Draper, Chief Executive of LDC, said: “To date, 2018 has been another year of significant activity and progress across LDC on many fronts, including an increase in the rate of new business completed.

“This performance reflects the strength of our proposition in a fiercely competitive environment, the commitment of our team and the diversity of our business and transaction capabilities.”

He added: “To continue building momentum and deliver on our future ambition, it’s important we continue to broaden and deepen the talent across LDC and recognise the valuable contribution of our people.”

So far in 2018, LDC has invested more than £300m across 17 transactions. Over the last three years (2015-2016-2017), LDC invested £1bn, and generated £2.2bn from divestments.

The firm, part of Lloyds Banking Group, has pledged to invest £1.2bn over the next three years as part of its commitment to supporting British small and mid-sized firms.

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.