LDC’s makes 18 investments in H1 2020

Katharine Hidalgo
14 July 2020

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LDC has made 18 investments in the first half of 2020, according to its half year results.

The aggregate enterprise value of the deals was around £215m.

In a half-year update, the firm announced the majority of the deals were completed since the onset of the pandemic, with eight deals closing in the past four weeks. It also stated that LDC's pipeline for the second half of the year was building quickly, though CEO Martin Draper admitted in the statement that transaction activity was slower in April and May.

New investments in 2020 to date include Connect Health, a provider of musculoskeletal and physiotherapy services; Ashtons Hospital Pharmacy Services, a provider of medicine management services; online retail support services firm James and James Fulfilment; and Solid Solutions, a reseller of 3D design software.

LDC has previously announced plans to invest £1.2bn during the next three years.

In H1 2020, the firm exited Fishawack Health, a healthcare communications agency; insurance law firm Keoghs; rental agency group Pure Cottages; and listed video games business Team17 – each of which had grown during LDC's tenure through acquisitions as well as organic growth, according to the statement.