LDC heads north to open in Edinburgh

UK regional private equity specialist Lloyds TSB Development Capital has opened its first office in Scotland. The office, located in Edinburgh, will be headed by Craig Armour.

Armour was a partner in private equity firm Penta Capital for seven years, specialising in mid-market deals in the consumer and business services sectors throughout the UK. Prior to that he was a director of merchant bank Noble Grossart, where he advised a wide range of private and public companies, largely based in Scotland.