LDC supports Global Autocare’s growth drive with significant investment
We chose to partner with LDC for private equity investment due to the firm’s heritage and success in the region, supporting Yorkshire-based businesses looking to scale nationally and beyond.”Geoff Bloore, Founder and Managing Director
Dale Alderson, Director at LDC, added: “Global Autocare is a fantastic example of a dynamic, homegrown business. It has used an innovative approach and an exceptional reputation for client service to become one of the region’s most exciting success stories.”
John Garner, Head of LDC in Yorkshire and the North East, added: “Yorkshire continues to be a vibrant place to do business, but we know there is great opportunity for Global Autocare to grow even further and quicker across the UK. We’re looking forward to supporting the management team to achieve its ambitions for the future.”
The investment marks the third this year for LDC in Yorkshire and the North East, following investments in York-based business services provider Mosaic Fulfilment Solutions and Newcastle-based property services provider iamproperty. LDC has also continued its support for Linley & Simpson’s ambitious buy and build strategy, backing the management team to bring in nine complementary businesses to the group since June last year.
Global Autocare was advised by the corporate and banking teams at Squire Patton Boggs (legal), led by corporate Partner Paul Mann.
LDC was advised by Grant Thornton (corporate finance), Addleshaw Goddard (legal) and KPMG (due diligence and tax).
Nat West will continue to support the business as its incumbent senior lender.