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Private equity firm LDC looks to increase north west investment

The private equity arm of Lloyds Banking Group said its north west office backed more than 65 management teams with more than £825m since it established a presence in the region

Jonathan Bell, head of LDC in the north west(Image: Greater Manchester Business Week)

LDC - the private equity arm of Lloyds Banking Group - said it is seeking to increase investment into north west companies in 2020.

It comes after the mid-market firm revealed its north west team backed more than 65 management teams with more than £825m since LDC first established a presence in the region.

Last year, LDC invested £24m in Middlewich-based SRL Traffic Systems, provided a £20m investment in international environmental testing, inspection and consultancy business Shield Group, and backed marcomms groups MSQ Partners in a deal valued around £37.5m in 2019.

Jonathan Bell, head of LDC in the north west, said it is “committed to backing the future success of north west firms”.

He said: “We have successfully partnered with management teams of growing business in the north west for 20 years, backing 18 businesses with more than £330m in the last five years alone.

“I continue to be impressed the resilience and determination to succeed that business leaders have across the region.”

LDC said the north west remained a “strategic focus” in its three-year commitment to invest £1.2bn to support º£½ÇÊÓÆµ SMEs.

He added: “It’s our job to ensure a good part of our national commitment to invest £1.2bn is deployed to support north west businesses.”