UK - LDC invests in Personal Touch Financial Services
LDC has invested £9m for a minority stake in financial services network Personal Touch Financial Services (PTFS). The deal values the company at approximately £50m. 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 £90m this year on the back of doubling in size in 2005 to £57m.
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