LDC has sold UK express transportation company ANC Group to FedEx Corporation for £120m having acquired it just eleven months earlier for £37.3m. The original deal in February 2006, saw LDC acquire a 26.25% stake in the company through a refinancing which allowed institutional shareholders to exit.
This is the second deal inked by the GP via Wisequity V, which closed on its €260m hard-cap in July 2019
Pascal Meysson joins from Alcentra and has previous experience at Deutsche Bank and Charterhouse
Mirabaud is reportedly planning to invest via its Living Heritage private equity fund
HIG invested from its Growth Buyout Equity Fund III to acquire Vernacare from Palatine