The management team of the independently-owned express parcel carrier company, ANC Group, has completed a £37.3m new funding arrangement with the backing of LDC. Backed by LDC and led by ANC Group CEO Mark Gittins, the current management team has bought a 50% stake previously held by institutional shareholders. The deal sees the management’s equity increase to 73.75% with LDC securing 26.25%.
Existing investors including Softbank and Lakestar reinvest in the tourism booking platform
Andera has reinvested and Prenax has acquired LM Information's subscription management business
Sale ends a six-year holding period for KCP, which backed the company with a £3.3m investment
Danish internet company could reportedly be listed at a valuation of $1bn