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LDC sells Jemella Group to Montagu16/07/2007. Source: AltAssets. 
 European mid-market private equity investor Montagu Private Equity has funded a £160m buy-out of West Yorkshire, UK-based Jemella Group, alongside the management team led by the business's founder and CEO Martin Penny. The deal represents an exit for LDC, the private equity division of Lloyds TSB, which funded a buy-out of the business in 2006.
Trading under the ghd brand, Jemella is a specialist in premium hair styling irons, complementary wet products and other hair styling accessories sold through professional hair salons. Montagu plans to grow Jemella in the UK and in overseas markets.
Andy Ball, regional managing director of LDC, said, 'ghd has successfully expanded its international footprint over the last 12 months whilst maintaining its pre-eminent position in the UK market. Thanks to their passion and commitment, the management team has significantly increased the business's scale during this period, delivering impressive sales, profit and employee growth, and it's now in a strong position to become a dominant global hair care brand.'
Montagu has offices in London, Manchester, Paris, Düsseldorf and Stockholm.
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