LDC, a prominent private equity firm, has appointed Nicol Fraser to lead its London team, signaling a strategic push to expand investment activities in the capital. Nicol Fraser will helm the London office from September, while current co-head David Andrews will continue to support the transition and focus on the media sector. Partner and co-head Christian Bruning will step down at the end of June to pursue non-executive roles but will remain as a board member on several LDC portfolio companies. LDC invested £350 million in UK medium-sized businesses in 2023 and generated £440 million in proceeds from nine exits, achieving an average money multiple return of 3.2x. The companies exited in 2023 saw remarkable growth in revenue, EBITDA, and headcount.

Private Equity, Media & Advertising,United Kingdom

LDC appoints Nicol Fraser to head London team