LDC, a private-equity firm, has extended its investment target for UK manufacturing and engineering businesses to £500 million by the end of 2015.
The firm has invested more than £250 million in the sector in the last two years. The initiative will continue to be led out of LDC’s Birmingham office by Steve Aston and Rob Schofield.
Mr Aston said: “Throughout its 30-year history, LDC has committed more capital to the UK manufacturing sector than any other mid-market private-equity house, reflecting our on-going drive to provide financial and strategic backing to growing mid-market businesses.”