Portfolio News

Addo Food Group and United Living make Sunday Times Top Track 250

LDC portfolio companies Addo Food Group and United Living have been recognised by the Sunday Times Grant Thornton Top Track 250 for exceptional growth. 

The league table ranks Britain’s private mid-market growth companies with the biggest sales. The data is compiled by Fast Track and published in The Sunday Times each October. 

Food group Addo, the UK's leading chilled savoury pastry producer, reached its highest listing to date, ranking at 92nd, thanks to a 49 per cent increase in sales last year to over £236m. 

LDC backed the group in a secondary buyout in April to further support its growth strategy. This includes investment in product innovation, expansion through organic growth and potential acquisitions in adjacent markets. 

United Living, one of the UK’s leading providers of refurbished and new build living solutions, made its debut at 135th, after almost doubling profits this year to £8.8m. With LDC’s support, the group is now planning an ambitious diversification strategy, which includes student accommodation and off-site manufacturing. 

Further information about this year’s Sunday Times Grant Thornton Top Track 250 can be found here: http://www.fasttrack.co.uk/league-tables/top-track-250/

Article Footnotes

Notes to Editors

  1. LDC is the private equity arm of Lloyds Banking Group and is authorised and regulated by the Financial Conduct Authority.  
  2. LDC backs ambitious management teams from UK-based medium sized companies seeking up to £100m of investment to fund management buyouts or development capital transactions.
  3. LDC invests in a broad range of sectors and has particular experience in Healthcare, Industrials, Retail & Consumer, TMT, Travel & Leisure, Support Services, Construction & Property and Financial Services.
  4. LDC has a UK regional network with locations in Aberdeen, Birmingham, Bristol, Cardiff, Edinburgh, Glasgow, Leeds, Newcastle, London, Manchester, Nottingham and Reading.