LDC delivers record year of investment
5 Jan 2023
Despite the continued political and economic uncertainty of the last 12 months, I’m proud that we were able to deliver much-needed capital and support to 16 new management teams with big ambitions for growth, as well those across our existing portfolio."
Evidencing the firm’s ability to add value to growing businesses, LDC’s 10 exits in 2022 generated an average money multiple of 2.6x. And despite the challenges of the last three years, on average portfolio companies LDC exited increased revenues by 79% and headcount by 54% during their partnership with the private equity firm.
LDC, which operates from 10 regional locations, is committed to delivering its target of backing 100 medium-sized businesses across the UK over the next five years. To support with this, the firm has recruited almost 30 new employees in 2022, 60% of which are diverse.
LDC Chief Executive Toby Rougier said that LDC’s unique combination of regional presence and multi-sector experience placed it at the heart of the UK economy and, with the support of Lloyds Banking Group, in the best position to help medium-sized businesses to grow.
He commented: “Despite the continued political and economic uncertainty of the last 12 months, I’m proud that we were able to deliver much-needed capital and support to 16 new management teams with big ambitions for growth, as well those across our existing portfolio.
“We have also invested in our own people, growing our team and through training and development. In addition, we expanded our ESG capabilities to ensure we can positively influence the environmental, social, as well as economic contributions of more growing businesses across the UK.
“Looking ahead, our regional network and industry experience mean we’re in the towns, cities and sectors that will drive the UK economy. We are ready and able to provide the backing businesses need to scale in a sustainable and equitable way.”
During 2022, LDC has been focused on its ESG commitments to support a more sustainable and equitable future. This includes the extension of the firm’s partnership with The Prince’s Trust to become its leading corporate supporter of young entrepreneurs, as well as raising £300,000 for worthwhile local causes.
LDC'S 2022 YEAR IN REVIEW
In 2022 we delivered a record level of new investment.