When it comes to investment activity, 2016 was our most successful year to date in Yorkshire and the North East. The team invested almost £80million of equity into a variety of businesses right across the region.
Recognising the cycling parts and accessories industry is entering a phase of consolidation, LDC backed the management buyout of specialist distributor, Zyro, together with the simultaneous acquisition and merger of Fisher Outdoor Leisure.
The deal created a combined group with sales of £70million and a market-leading distributor of more than 50 world class parts, accessories and clothing brands.
“LDC’s support has been vital in ensuring the merger process has been as smooth as possible. We’re now working together to ensure we can maximise the opportunities presented by the growing popularity of cycling, both in this region and across the UK, to cement our status as a leading player in the market.”
Matthew Barker, CEO, ZyroFisher
A deal that reflects the strength of the region’s booming digital sector is LDC’s £16.5million investment in Wakefield-headquartered Team17, the market-leading games developer and publisher best known for the popular Worms franchise.
We’ll be supporting the business’ international growth plans as part of the ongoing investment strategy, as well as helping to identify further acquisition opportunities.
“In LDC we have a partner that not only shares our vision, but also understands the importance of people to our business model. People are the foundation of the gaming industry and as both a developer and a publisher, it’s incredibly important that we continue to nurture new talent and fully support our partners.”
Debbie Bestwick, CEO, Team17
LDC backed the management buyout of Skipton-based PAW Holdings Limited – the UK market leader in the design, manufacture and installation of pre-engineered light gauge building systems.
With an established track record, the business generated revenues of £23million in its latest financial year.
Our partnership will focus on building out its product and service portfolio, ensuring it’s well-placed to enter its next stage of growth and development.
“Our partnership with LDC marks the next phase of the business’ growth strategy, and I’m pleased that we have a partner that not only supports our ambition but also has the knowledge and experience to help us reach that next level.”
Roger French, CEO, PAW
LDC invested more than £20million to support the management buyout of York-based Mitrefinch, one of the UK’s leading developers of human capital management software.
Our investment supports the expansion of the business at home and overseas including Canada, the US and Australia. It will also enable Mitrefinch to further develop and improve its suite of products, including its software as a service (SaaS) offering.
“From the outset, LDC saw the potential in the business and bought into our plans as a management team. Their approach, track record and sector expertise gave us the confidence they were the right longterm investment partner to help us deliver our ambition for the business.”
Debbie Guppy, CEO, Mitrefinch