LDC backs MBO of PJD Group

The value of the transaction has not been disclosed. LDC stated that it intends to provide active support for the company's buy-and-build growth strategy.

Company
PJD Group, founded in 1985, consists on the one hand of two subsidiaries which operate in the traditional and renewable energy sectors. It also includes Grayton Engineering, which covers cement, chemical, refineries, and steel industries. Based in Castle Donington, UK, the company employs 250 staff.

People
Director John Garner and investment director Matthew Norrington led the deal for LDC. David Hayle is chief executive of PJD.

Advisers
Equity - Gateley, Austin Moore, Mark Rutherford (Legal); BTG McInnes, Dave Irwin (Corporate finance); Shoosmiths, Shaun McCabe (Legal); SSD, Jonathan Jones (Legal).

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