As the private equity arm of Lloyds Banking Group, we provide capital and expertise to help management teams build bigger and better businesses.
In the South, we have been backing the ambitions of management teams for 20 years. Since we set up our office in Reading back in 2000, we have invested more than £550m and backed more than 60 management teams all over the South and the Thames Valley region, more than any other mid-market private equity firm. And, with £1.2bn to invest nationally over the next three years, we remain just as committed to supporting the region’s businesses to grow today.
Our South team is led by Lawrence Dean and has unrivalled coverage across the South and the Thames Valley. The team has vast experience in supporting the growth strategies of some of the region’s standout management teams – whether through international expansion, acquisition strategies or organic growth.
Take Newbury-based Amberjack, which LDC invested £17.6m in last year to support a management buyout. The management team chose to partner with a private equity investor to help drive the business to the next level; despite already being the market leader in early careers recruitment programmes, they recognised the opportunity to improve their service offering through expansion. Amberjack already counts household names such as Unilever, Mars and BP as clients, and LDC is now working with the team to help deliver the growth strategy and continue to build on its impressive client book.
Another example is technology-led logistics and locker provider ByBox, headquartered in Oxford, which LDC first partnered with in 2016. We provided the capital to accelerate the business’s global growth strategy. During our partnership, the company launched new locations in America to help meet increasing global customer demand. This included a new office in Burlington Massachusetts, as well as two satellite offices in Atlanta and Denver. After helping the company to double in value, LDC exited its investment two years later in a £221m sale to US firm Francisco Partners. But last year, we completed a minority reinvestment, allowing us to continue to support the management team, further proof that LDC backs UK businesses at every stage of the journey.
We also help companies to grow through complementary acquisitions, known as a buy-and-build strategy. For example, we partnered with financial services provider Equiom in 2013, and, over a six-year partnership, supported the firm in completing more than 20 acquisitions all over the world. We provided the businesses with over £22m to fund this strategy which led to revenues increasing by more than 500%. In May 2019, Equiom entered a new phase of funding with Värde Partners and LDC to help fund future expansion in line with the company’s growth strategy.
There are many scenarios where a private equity partner can prove the right fit for business development. They can provide fresh impetus and, just as crucially, the additional structure and expertise to support a business’s expansion. LDC also works with many business owners who have reached a stage in their career where the support of an external investor can help them to take a step back and realise some of the value they have created, while still protecting their company and its future.
We are committed to supporting the growth ambitions of firms across the South region. You can find out more about how private equity partnership with LDC could fuel your business growth ambitions at www.ldc.co.uk.