Expansion for LDC’s London team

Mid-market private equity firm LDC has appointed two senior investment professionals to its expanding London team.

Andy Kilborn, who spent ten years with KPMG advising on mid-market transactions, joins as investment manager and Alex Bowden, previously based at LDC’s Reading office, joins as investment director.

Kilborn and Bowden bolster the now eight-strong team, based on Old Bond Street, which is led by Regional Managing Director Tim Farazmand.

Commenting on the appointments, he said: “The London mid-market is a big community and LDC is committed to playing an important role within it. That means investing in the right people on the ground. Last year LDC’s London team invested over £65m of equity across four transactions with a combined enterprise value of almost £160m.

Transactions included the management buyouts of National Accident Helpline – the UK personal injury claims management company – and Microlease, a European market leader in the rental and leasing of electrical testing and measurement equipment.

It also backed the secondary buyout of specialist care provider Robinia alongside Barclays Private Equity, and invested £27m of capital in Commercial First, a leading provider of commercial mortgages.

Nationally, LDC reported a record year of investment, providing £256million of equity in 18 transactions across its network of 11 regional offices.

LDC, part of Lloyds TSB’s Wholesale and International Banking division, targets a minimum of £250m of new investment each year.