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UK - LDC invests £40m for stake in GVA Grimley

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LDC has invested ТЃ40m for a substantial minority stake in GVA Grimley, a commercial property consultancy. The deal was part of a financial restructuring that involves GVA Grimley converting from being a limited liability partnership (LLP) into a limited company (Ltd). Royal Bank of Scotland and Barclays provided a structured package of acquisition finance and working capital facilities to support the transaction.

GVA Grimley, which can trace its history back to 1827, is the seventh largest commercial property consultancy in the UK by revenue. GVA Grimley generated total revenues of £148m to 30 April 2007. It provides a full range of property-related advice, consultancy and transaction services, through 19 National Business Units, to a broad range of blue chip clients (property occupiers, owners, lenders, managers and investors).
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