LDC invests in restaurant rollout

UK private equity firm LDC has invested £9.1m to back the management buyout of Mediterranean-style restaurant group Ego. The North West England-based restaurant chain is run by the management team which set up the Spanish tapas restaurant chain La Tasca.

LDC has taken a majority stake in the business. Its backing will help to fund the rollout of 36 new outlets. Currently Ego operates six restaurants with a seventh scheduled to open in the next month.