The last 12 months have seen LDC back some of London’s most innovative, fast-growing businesses, whilst generating excellent outcomes for our portfolio companies.
In February 2017, LDC invested in Blue Bay Travel, the award-winning online travel agent specialising in long-haul holidays to the Caribbean, Mexico and Indian Ocean - and owners of brands including Caribbean Warehouse and Tropical Warehouse.
Following the £6.5million investment, Blue Bay Travel plans to accelerate growth by investing in its proprietary price comparison technology and online booking platform, expanding its 60-strong team of travel experts, adding more homeworkers to the sales team - and launching new, innovative products.
“Partnering with LDC represents an exciting opportunity for Blue Bay Travel to build on our success to date, enabling us to invest further in our team and technology.”
Stuart Wilson, Founder and CEO, Blue Bay Travel
In September 2016, LDC invested in Cuts Ice, the UK’s leading manufacturer and distributor of e-liquid for the independent vaping sector. The business has grown quickly to become a £12million turnover company thanks to its commitment to quality-led manufacturing, strong regulatory compliance, reliability of supply and innovation. The development capital deal will help to accelerate the company’s UK and international growth strategy.
“Partnering with LDC gives us the opportunity to align the interests of the senior team around our long-term ambition for the business through collective ownership, whilst bringing a new, experienced partner around the table to add strategic and operational support.”
Nigel Quine, Founder and CEO, Cuts Ice
In June 2016, after three years of growth, LDC exited its investment in New World Trading Company (NWTC), generating a 6.1x return in a £50million sale to Graphite.
LDC originally invested £2.7million in the upmarket pub and restaurant business back in 2013.
Between 2013 and 2016, the group expanded quickly from 2 to 14 outlets nationally under five brands, including The Botanist, The Oast House, Smugglers Cove, The Trading House and The Club House. The group now employs more than 900 people.
“LDC has been an important part of our growth story over the last three years, supporting our expansion and backing our vision for the business.”
Chris Hill, Chief Executive, NWTC
In May 2016, LDC backed the management buyout of Magicard, a leading manufacturer of secure desktop ID card printers and software, from its publicly-listed parent company; Ultra Electronics Holdings plc.
With revenues of £21million and customers in 100 countries, Magicard is now investing in further product development and expanding sales from its offices in the UK, the US, Dubai, China and India.
“This gives the management team the opportunity to drive the business forward as owners and unlock the potential of the business. LDC’s investment adds the capital we need to accelerate our expansion, as well as bringing on board a strategic partner who understands and supports our ambitions for the future.”
Andy Matko, CEO, Magicard