LDC has appointed Paul Johnson to head a newly-created team which will focus on originating larger mid-market transactions. The team will target deals requiring an equity investment between £25m and £100m, the newly-instated upper reach of LDC’s underwriting capabilities. LDC now has the firepower to back companies with an enterprise value of up to £250m.
High-net-worth individuals and family offices are hunting for yield, concerned about low interest rates and market volatility
Fund expects to hit its target in the first quarter of 2020 and has already made six investments
Soprome and BTC Capital also back the takeover of the security services company
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