Armour, 46, 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. LDC specializes in deals in the £5m to £250m deal range with a large regional network with twelve offices throughout the UK.
So far in 2007, LDC has invested £286m across 17 transactions. LDC already has a track record in Scotland, with recent private equity backed activity including the MBO of Lanarkshire-based engineering firm MB Aerospace from Motherwell Bridge, an investment into Epi-V a specialist fund established to invest in emerging technology and service companies within the upstream oil and gas services sector, and the trade sale exit from Telecom Services Centres (TSC), Scotland’s largest contact centre company.
Grant Berry, Managing Director, LDC, said “We’ve been seeing increasing deal flow from Scotland and we now have a local presence to focus on the Scottish market and hopefully stimulate activity. We’re delighted to have recruited such an experienced and successful individual for our senior director role”. Armour added: “The LDC business model combines an equity investment range of £2m-£100m with dedicated local resources, providing a great opportunity for Scottish companies. We want LDC to be a natural financial partner for ambitious management teams and we want to use local advisers.”