Mid-market private equity firm LDC has pledged to focus on Scotland as it increases investment in UK companies this year.
Last year, the Lloyds Banking Group investment arm deployed £365 million of capital to back 18 ambitious management teams across the UK. Edinburgh-based telecoms and ISP firm Commsworld was one of those to receive a major cash injection. LDC backing also helped optician Duncan & Todd add nine practices from Blacks & Lizars in April 2019.
In 2019, LDC's Scotland team exited Cumbernauld-based CMS Window Systems after helping it to open an 8,500sq ft manufacturing and recycling facility and increased the capacity of its headquarters which resulted in revenues increasing by 25 percent to almost £40million.
Mark Kerr, Head of LDC in Scotland, said: “We have invested over £100million to support the growth ambitions of Scottish management teams in the last seven years. Having locations in Aberdeen, Edinburgh and Glasgow means we’re in tune with each local business community and on hand to identify and support those management teams with bold plans for the future. Backed by our UK-wide £1.2billion investment plan, our team is determined to help firms across Scotland achieve their growth strategies and build on their successes to date.”
