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Welcome to Scottish View – An update from LDC in Scotland

3 Sep 2020

Welcome to Scotland View – an overview of LDC’s activity across the country and the role we’re playing in supporting the ambitions of local mid-market businesses.

Leaders of Scottish businesses are definitely up there with some of the most resilient. Whether it’s a Scottish Referendum, Brexit or the pandemic, business leaders across the country have been characteristically stoic while they continue to weather the storms from these uncertain times.

As management teams adapt to the new operating climate that Covid-19 has prompted, they continue to be driven by a fundamental need to grow. This new rate of change, and its unpredictable nature, means that many business leaders will be taking new routes in order to continue their journey. Private equity partnership can add significant value to businesses by providing added confidence and financial support for management teams looking to capitalise on new opportunities that arise.

Our commitment to backing ambitious management teams in Scotland remains as strong as ever. With locations in Aberdeen, Glasgow and Edinburgh, we have been backing ambitious management teams across the country since 2008. And to date, we have invested more than £115m to help Scottish business leaders in a wide variety of sectors.

Our recent investments include Edinburgh-based ISP and telecommunications provider Commsworld and leading independent optician and audiologist Duncan & Todd, both of which have gone from strength to strength since we partnered with the management teams.

Our flexible approach to partnership, particularly in uncertain times, gives us the ability to support businesses for the long term. For example, we backed helicopter services provider PDG back in 2015. Since our investment the business has increased capacity through investing in its fleet to register more than 10,000 flying hours across its helicopter services. And we continue to work closely with the business as it continues its growth journey.

We also invested in Aberdeen-based Ramco, a specialist in care and maintenance steel pipes, in 2013 to help its management team to target international growth. During our partnership the business has established a presence in Norway, Australia, Romania and the Middle East, and has won multiple new international clients.

Our flexibility and experience of backing a wide range of different businesses across the UK through every stage of the cycle means that no matter the climate, we are always on the lookout to invest in ambitious management teams.

With a commitment to invest £1.2bn across the UK over the next three years, we are ready to stand by Scottish business leaders and back their ambition as they continue to go for growth.

Mark Kerr

Head of Scotland, LDC

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