Corporate News

LDC Manchester expands with strategic hires

  • LDC strengthens team with appointment of two new investment directors
  • Eight-strong North West team to support national £1.2bn three-year investment pledge
  • Senior hires follow strong quarter with Fishawack and ChargePoint investments

LDC, the leading mid-market private equity investor, has strengthened its Manchester team with two new senior hires as part of its commitment to invest £1.2bn of equity in Britain’s small and medium sized companies over the next three years. Guy Bagshaw and John Clarke both join LDC as investment directors. 

Guy joins from Rothschild, where he led the firm’s regional debt advisory practice and was responsible for originating and delivering all debt advisory mandates across the North. He has more than 13 years’ corporate finance experience and has completed deals with leading North West businesses such as EuroGarages and Holidaybreak. 

With more than 10 years’ M&A advisory experience, John joins from Clearwater International, where he was a director. He has worked across the UK mid-market advising entrepreneurs, private equity investors and their portfolio businesses, and corporate PLCs on the full deal lifecycle. 

Jonathan Bell, director and head of LDC in the North West, said: “We’ve not only had a strong start to 2017 with our investments in Fishawack and ChargePoint, but we’ve continued to support the ambitions of some of the region’s most exciting businesses. Having invested more than £250m and completing 13 new transactions out of the Manchester office alone in the last three years it’s clear that the region offers a number of quality investment opportunities, and it’s vital that we have the right people on board to help us support management teams looking for growth.” 

Both John and Guy will be responsible for identifying potential investment opportunities, leading transactions and supporting LDC’s portfolio companies. Together they bring more than 23 years’ experience to create an eight-strong team at LDC in Manchester, making it one of the largest private equity investment teams in the region. 

The news follows a strong start to the year for LDC in the North West, which has already seen the team back the £38m management buyout of Fishawack, the specialist provider of scientific communications services to global pharmaceutical companies, and the multi-million-pound management buyout of ChargePoint Technology, the high growth manufacturer and innovator of specialist high containment and sterile transfer valves. 

Jonathan added: “Since we opened our doors in Manchester back in 2000 we’ve been at the heart of the business community and have had the pleasure of supporting the growth ambitions of management teams from across the North West. For the firm, the region has delivered many of our most exciting deals and with a healthy pipeline of activity this looks set to continue. Both John and Guy bring a strong track record in corporate finance and with our commitment to invest £1.2bn nationally over the next three years they will play an integral role in helping us to drive growth across our portfolio and identify new investment opportunities.” 

In 2016, LDC’s Manchester office completed three investments as it backed technology companies Mitrefinch and Giacom, and business services firm Ellis Whittam. It also generated more than £275m of exit proceeds in 2016, having successfully exited investments in Synexus (2.3x money multiple), one of the world’s largest clinical trials patient recruitment firms, contract catering firm Waterfall (2.6x money multiple) and restaurant group New World Trading Company (6.1x money multiple).

Article Footnotes

Notes to Editors

  1. LDC is part of the Lloyds Banking Group and is authorised and regulated by the Financial Conduct Authority
  2. LDC back ambitious management teams from UK-based companies seeking between £2m and £100m of equity for management buy-outs, institutional buy-outs or development capital transactions.
  3. LDC invests in a broad range of sectors and has particular experience in Construction & Property, Financial Services, Healthcare, Industrials, Retail & Consumer, TMT, Travel & Leisure and Support Services.
  4. LDC has a UK regional network of 9 offices.