UK - LDC backs £11m carve-out of Homeserve Emergency Services

The deal will see the business rebranded Evander Group. HSBC provided debt facilities to support the transaction.

This is LDC's tenth buyout of 2009 and the third in the last month alone, as it continues to buck the wider industry trend of inactivity.

Homeserve Emergency Services consists of three trading businesses: Homeserve Glass and Locks, an emergency response provider of glazing and locks; Homeserve Chem-Dry, a disaster restoration company; and Homeserve Content Services, a validation and replacement product search software solution for content claims.

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