Bridgepoint's LGC receives additional £80m from lenders

The new lenders comprise Commerzbank, GE Capital, ICG and ING. The four mandated lead arrangers joined the existing syndicate, which financed the company's 2008 buyout, including HSBC, Lloyds, Bank of Ireland and Société Générale.

The additional funding will provide additional facilities to support further acquisition opportunities.

Bridgepoint bought LGC from LGV Capital for £257m in early 2010. Founded in 1996, London-based LGC is a provider of forensic services and regulated scientific reference materials. It has 28 laboratories and centres across Europe, as well as sites in India, China and the US.

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• Topics
• Restructuring
• UK / Ireland
• United Kingdom
• Bridgepoint
• GE Capital
• ING
• HSBC
• Lloyds
• Societe Generale