Exclusive

DELIVERING EXITS

Our commitment to delivering value for business shareholders has meant we have helped to build some fast growing companies across a diverse range of sectors including healthcare, industrials, food and media.

LDC exited its investment in Bristol-based A-Gas, a market leader in the distribution and life-cycle management of specialist gases and chemicals to global investment firm, KKR in June 2017.

During LDC’s partnership with the business revenues grew 79 per cent and profits (EBITDA) 103 per cent with A-Gas completing six acquisitions to expand its geographic footprint and service line. It now operates from 16 sites across Europe, Australia, South Africa and North America.

The sale saw LDC achieve a 3.3x money multiple on its original investment.

“Our partnership with LDC has enabled us to build a group with real global scale and breadth of offering, whilst remaining fully focused on our commitment to technical excellence and customer service. LDC’s financial, strategic and operational support over the last six years has been a key ingredient in our success, helping to transform the group and creating a platform for continued growth.”

Andrew Ambrose, Group CEO, A-Gas

View A-Gas in Our Portfolio


LDC exited its investment in Ministry of Cake, the UK’s largest dedicated dessert manufacturer in December 2016, in an international trade sale to French counterpart Mademoiselle Desserts.

During the lifetime of the investment, LDC supported the acquisition of The Creative Foods site in Torquay, export sales grew by over 10 per cent and staff numbers grew from 300 to 400.

“The key driver of the management buyout was wanting to grow the business in ways we couldn’t do under corporate ownership. Working with a private equity house has a lot of advantages. You get ambition, but you also get the bonus of additional management input and intellectual help, and ultimately finance.”

Chris Ormrod, CEO, Ministry of Cake

View Ministry of Cake in Our Portfolio