UK - Montagu acquires ghd brand from LDC

Montagu Private Equity has backed the ТЃ160m management buyout of the Jemella Group, the owner of the ghd hair straightening brand. The deal represents an exit for previous backers LDC who acquired the business in July 2006 for an undisclosed sum. Montagu take a majority stake in the newco following the transaction, which was supported by debt provided by Barclays, Lloyds TSB Corporate Markets and HSBC.