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Committed to helping Welsh business grow and success - by Dewi Hughes, Head of LDC in Wales

The Welsh midmarket is the engine of the local economy, full of ambitious entrepreneurs and management teams doing great things.

We opened our office in Wales last year because we realised there was an impressive concentration of growing, innovative companies from a wide range of sectors here, and it was strategically important for us to be able to provide support and investment on the ground.

From a historic bias on heavy industry, Wales has evolved greatly and is now home to exciting companies from a variety of industries including specialist manufacturing, technology, life sciences, leisure and media.

Some of our most notable deals in Wales have been Penn Pharma, a specialist contract manufacturing business, which was acquired by US-based Packaging Co-ordinators Inc in a deal valued at £127m, and TV production business Boom Pictures, which is now part-owned by ITV.

Whilst Welsh firms face challenges, from the impact of Brexit to difficulties with connectivity and logistics in some areas, there are many benefits to being based here. There is a wide pool of talented graduates and workers, an improving infrastructure, a competitive cost environment and the knock-on effect of having some big brands such as Aston Martin move here.

LDC is committed to helping Welsh business grow and succeed, and we’ve been delighted by the appetite and enthusiasm we’ve found so far.

Backing Business Ambition 2017