Good period for LDC South West and Wales | South West Deals


LDC’s South West and Wales side have been buoyed by a strong six-month spell, completing a trio of deals with a combined enterprise value of over £175m.

Investments include independent artisan cake maker Cakesmiths, where LDC has partnered with the management team – led by Managing Director Chris Ormrod and Managing Director Simon Harris – to support the next stage of business growth based in Bristol.

LDC also led an £18 million minority investment in TMC Pharma Services, a global pharmaceutical development organization specializing in rare diseases and oncology.

The company is now working closely with TMC co-founder and chief executive, Julie Matthews, and chief operating officer, Carol Woodward, to help it pursue its international expansion plans and dual workforce.

Elsewhere, LDC has divested its investment in the world’s largest producer of natural history programmes, Bristol-based Plimsoll Productions, to ITV plc.

During its three-year partnership with LDC, Plimsoll’s BAFTA, EMMY and Oscar-winning team invested in the company’s natural history and documentary programming, embarked on its first co-production and completed a strategic acquisition.

Since the start of the year, the LDC team – led by Dewi Hughes, Partner and Head of South West and Wales – has worked closely with its portfolio companies to support their growth plans.

Digital media agency Hybrid recently opened its first US office and LDC has helped leisure company Zip World invest in its venues and launch a number of attractions, the latest being Underground Golf .

“The turbulent economic environment presents new challenges for business leaders in the South West and Wales,” said Hughes. “However, I am always impressed by the ambition and quality of the management teams I meet.

“Their tenacity to succeed and grow remains stronger than ever.

“Having successfully helped businesses realize growth plans at every stage of the cycle, our commitment to helping businesses grow and grow remains unchanged.

“We are actively seeking new investment opportunities to help ambitious management teams achieve their goals and overcome the obstacles ahead.”

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