LDC, the private equity arm of Lloyds Banking Group, has acquired a majority stake in business communications consultancy Instinctif Partners from Vitruvian Partners, which has exited its investment.
IK backed the France-based business in 2014 via its IK VII fund, which closed on €1.7bn in 2013
GP bought the fasteners and fixings manufacturer as part of a succession process for the company
Existing investors Quilvest Capital Partners and Amin Khiari retain stakes in the group
Fund completed its first deal, backing Denmark-based solar energy provider Better Energy