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UK - LDC invests in Personal Touch Financial Services

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LDC has invested ТЃ9m for a minority stake in financial services network Personal Touch Financial Services (PTFS). The deal values the company at approximately ТЃ50m. A key driver of this investment for LDC is to support the growth of PTFS over the next three to four years in preparation for a flotation or trade sale. The business is on target to achieve turnover of circa ТЃ90m this year on the back of doubling in size in 2005 to ТЃ57m.

Now firmly established as a leading innovator in the network arena, PTFS has produced strong turnover and profit growth without incurring debt and is well placed to build upon its recent success. The LDC investment has allowed PTFS to buy back the shareholding currently owned by Aegon.
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