Committed to growing North East business

March 31, 2020

LDC, the private equity arm of Lloyds Banking Group, has opened a new office in Newcastle city centre to help support the growth ambitions of local business leaders. Gareth Marshall, the firm’s Newcastle head, explains how the region’s vibrant business community led it to establishing a permanent base in Newcastle

LDC has been backing businesses in the North East since 1989. In that time, we’ve supported more than 60 of the most ambitious management teams in the North East and Yorkshire and seen the region’s businesses, as well as the corporate finance community that supports them, go from strength-to-strength.

While the current situation is unprecedented, the North East has proven to be a resilient and adaptable market. It has held on to its heritage as a home for traditional industry and embraced innovation and looked to the future, with the fast- growing technology sector.

We want to play a greater role in supporting the ambitions of local mid-market businesses, which is why we’ve set up a new office in Newcastle. Along with my colleagues, Zara Lane and Mike Barker, we are looking for ambitious business leaders to partner with.

Our partnerships with business across Newcastle and the North East have helped management teams to grow bigger, better, and more sustainable businesses. Pharmaceutical manufacturers Aesica and Quantum Pharma are great examples where we supported local firms to enhance their market-leading positions. Quantum Pharma successfully listed on the London Stock Exchange’s junior market, AIM, in 2014 following a five-year relationship with LDC that saw the company more than double its revenue and triple employee numbers.

We have also played a role in helping some of the region’s biggest brands fly the flag for the North East globally. We backed the management team of cycling parts, clothing and accessories distributor ZyroFisher in 2016. Now, following international acquisitions, the business represents more than 50 world-class brands with products used by some of the biggest names in the world of cycling.

Today, we have a diverse portfolio of companies across the North East and we are actively supporting them with our expertise to support their growth strategies. When it comes to investments, we are sector agnostic, backing the management teams behind the businesses.

However, the businesses we currently work with in the region are further evidence of the North East’s credentials as a centre for technology and digital innovation.

In June 2018, we backed the management team of Newcastle-headquartered NBS. The company provides technology and data services to architects, engineers and construction professionals. Last year, NBS announced bringing its 1000th customer onto its flagship SaaS product, NBS Chorus.

Northumberland-headquartered Mandata is another strong example of the growing tech community of businesses based in the region. The firm designs and develops software that allows road transport operators to manage workflow and data more effectively – something that will become more critical as UK transport, and the infrastructure that supports it, becomes more digital.

Our new base on Newcastle’s Grey Street is going to help us support more growing businesses based in the North East. Nationally, the move also forms a key part of our ambition to support the growth of mid-market businesses in every region of the UK by deploying additional capital and resource on the ground.

The benefits of a private equity partner are more important than ever in this climate. Not only does capital from private equity help to fuel growth plans and boost cash reserves, but for many management teams, it’s also about the benefits of bringing on board additional support and expertise to help them take the next step in their business.

For more information, contact Gareth Marshall on:

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