LDC chief Darryl Eales steps down

Amy King
29 April 2014

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LDC chief executive officer Darryl Eales will step down on May 1, after 11 years at the helm.

The change of leadership is part of the firm's succession plan, according to LDC, with Eales having been with the business for 28 years, including 11 as CEO.

Deputy CEO Chris Hurley and CIO Martin Draper will lead the firm as co-heads and chief executives.

Eales will remain involved with LDC in a part-time advisory chairman role. He will retain his seats on various portfolio company boards.

The former CEO was appointed chairman of E2Exchange (formerly London Entrepreneurial Exchange) last year. A chartered accountant by background, Eales has worked in private equity for more than 20 years.

unquote" spoke to LDC's new co-head Chris Hurley earlier this year in an exclusive Q&A as part of the latest Regional Mid-market Barometer, published in association with LDC.

In the last 18 months, LDC has committed more than £550m to UK companies, including more than £80m for buy-and-build acquisitions. Recent transactions include the management buyout of London-based telecommunications firm Connect Communications and the £30m acquisition of Prism UK Medical, a specialist mobility equipment manufacturer.