Mid-market private equity firm LDC is looking to accelerate investment levels and deal flow into growth firms in Wales this year.
In 2919, the private equity arm of Lloyds Banking Group, deployed 拢365m of capital to back 18 firms across the 海角视频.
LDC said the plan formed part of its rolling three-year 海角视频-wide commitment to invest 拢1.2bn of capital, with Wales remaining a strategic focus.
LDC typically invests between 拢5m to 拢100m per transaction. It also provides access to a pool of business experts, in fields such as digital marketing, to support the management teams of firms it takes equity positions in.
Last year LDC鈥檚 team in Wales and the south west of England, which has offices in Cardiff and Bristol, invested in Plimsoll Productions, one of the largest independent television production companies in the 海角视频.聽 Plimsoll has offices in Cardiff, Bristol and Los Angeles.
Following the 拢80m deal, and with LDC鈥檚 support, founder Grant Mansfield and his team are driving the business forward by investing in its natural history and documentary divisions, as well as looking towards further expansion into the US and new global markets.
LDC is also supporting the growth of Gwynedd-based outdoor adventure business Zip World. The business has recruited a further 100 staff since securing the backing of LDC in December 2018. It is now looking to expand its sites beyond its North Wales heartland.
Last year LDC completed 11 exits 海角视频-wide.聽 They achieved an average sales growth of 90% and grew employee numbers by almost 80% during their investment partnership with LDC.
Dewi Hughes, head of LDC in Wales and the south west of England, said: 鈥淲e have already invested more than 拢225m to support the growth of businesses across聽 Wales and the south west, and the calibre of management teams we鈥檙e seeing, coupled with their ambitious expansion plans, means we鈥檙e set for another very exciting 12 months ahead.
鈥淲e鈥檙e always on the lookout for management teams who want to go that one step further, whether that鈥檚 increasing geographical footprint, targeting diversification or bringing something new to market. I
"It鈥檚 why we鈥檝e committed to investing 拢1.2bn 海角视频-wide over the next three years 鈥 making sure they have the capital and expertise to bring their ambitions to life.鈥
Martin Draper, chief executive of LDC, said: 鈥淲e see growth prospects across all corners of the 海角视频, and our market-leading regional presence means we鈥檙e on the ground, prepared to deploy more of our capital and expertise to help management teams capitalise on what is set to be a year of opportunity.鈥
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Last year LDC partnered with The Prince鈥檚 Trust to help young people across Wales explore and launch their own business through start-up grants, volunteering and mentoring.