LDC, the private equity arm of Lloyds Banking Group, has been ranked as one of the most successful mid-market private equity firms in the UK at growing its companies. Ten of the firm’s portfolio companies made a league table of 100 mid-market private equity-backed companies in Britain with the fastest rate of growth, according to results compiled by Deloitte and the Sunday Times.
The league table ranks companies according to their compound annual profits growth over two years, based on their latest available figures. Among LDC’s top-performing companies were St Tropez, which ranked 77th, and beverage manufacturer InterContinental Brands, which ranked 65th.
Inflexion Private Equity also fared well, with five of its investments qualifying, including clothing retailer Jack Wills at 22 and the National Accident Hotline at 96.
Other top mid-market incubators included Hg Capital, 3i and Gresham Private Equity, all of which had four investments each on the league table. Highlighting the private equity drought of the last year, only 11 companies on the list were bought out in 2009.
Mark Pacitti, corporate finance partner of Deloitte, said, “The results show that private equity-backed businesses are achieving strong profit growth through performance improvement measures and refreshed strategies. Private equity investors continue to play an important role in developing businesses and as the economy improves, I expect to see increasing deal activity.”
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LDC leads UK mid-market growth table