LDC has boosted its presence in the South West by opening a new office in Bristol and appointing Paul Oldham to its investment team. Oldham joins from Grant Thornton Corporate Finance where he built and led the firm’s eight-strong South West and South Wales corporate finance lead advisory team. Prior to this he spent 13 years at 3i, heading up the firm’s Bristol and Cardiff offices and was responsible for new investment and managing its portfolio. He joins LDC’s 12-strong investment team in the South as a director.
Shares have been sold to institutional investors for €15.8 a share
Add-on is the first since LDC and Ares provided financing of £100m to the telecoms company in 2019
Acquisition of the fire safety systems provider is the first from the GP's €1.1bn eighth fund
Fresh capital will go towards increasing delivery speed and geographic footprint