BOFA’s win recognises the huge success the team enjoyed during its partnership with LDC. During our investment period, the firm launched its first European office, almost doubled its sales and increased its headcount by 50 per cent. A commitment to sustained investment in the company’s infrastructure helped to amplify its global growth. When we exited in 2018, around 90 per cent of its revenues were to export markets in the US, Europe, Africa, Middle East and Asia. The sale to US based Donaldson Company in September 2018 valued the business at £90million after we backed the £23million management buyout in 2015.