In the last 12 months, we’ve completed a number of new investments across the Yorkshire & North East region, in deals totalling more than £150million.
Read on to learn more about why each company chose to take on board investment and partner with LDC:
LINLEY & SIMPSON
In June 2018, we partnered with Yorkshire property agency Linley & Simpson and invested £10million to back the team’s buy and build growth strategy.
Within the first eight months the team had already delivered five acquisitions and their ambition shows no signs of slowing!
The market-leading residential lettings and sales agency now has a growing network of branches and manages a portfolio of more than 6,000 properties.
Will Linley, Co-Founder of Linley & Simpson said: “The support and capital we have received through our partnership with LDC has equipped us with the ability to move forward at scale and at pace. Our goal is to increase the number of properties we manage to 10,000 over the next three years.”
A partnership with the Royal Institute of British Architects (RIBA) saw LDC invest £31.8million to support the growth ambitions of NBS.
NBS is a technology platform for the construction industry. It is used by organisations of all sizes, from small architectural and engineering companies through the largest global construction firms. The company is headquartered in Newcastle and employs more than 200 people.
We’re now working closely with CEO Richard Waterhouse to support the business’ future product development and international growth plans, following a recent expansion into Canada and Australia.
Richard Waterhouse, CEO of NBS, said: “Bringing in LDC alongside our long-term investor, the RIBA, creates the perfect mix of experience in the market and high-growth expertise.”
Knaresborough-based Pelsis, the leading European manufacturer of branded pest control products, has been part of the LDC portfolio since 2017 and over the past 12 months we’ve continued to support its international expansion strategy.
This included the acquisition of US-based Curtis Gilmour in a deal that significantly expanded Pelsis’ global presence.
The growing group’s consolidated portfolio now has a turnover of £125million and operates from 15 locations worldwide, selling into more than 80 countries.
LDC backed the secondary buyout of transport management software developer Mandata in a £20million deal to accelerate its organic growth.
Northumberland-based Mandata actively manages more than 10,000 vehicles, and our support enables it to continue investing in product development and grow its team.
Mark Norcliffe, CEO of Mandata, said: “We’re now at a key point in our growth journey. By partnering with LDC we not only have the financial support to help us turbocharge growth, but a strategic partner with a track record of supporting high-growth technology businesses, an on-the-ground presence in the north and an in-depth knowledge of our sector.”