| LONDON, July 22
LONDON, July 22 Lloyds Banking Group's
mid-market private equity group LDC has appointed former 3i
director Gordon Hague to lead its 300 million pound
($458 million) investment in engineering and industrial firms.
LDC said earlier this month it would increase its funding
commitment to specialist engineering and manufacturing
businesses by 50 percent from the 200 million pounds it targeted
for the fund two years ago.
LDC has long been active in the sectors, having completed
more than 130 deals in them since it was formed in 1981. It has
completed 11 investments in manufacturing and specialist
engineering since October 2011, placing equity funding of more
than 190 million pounds.
Hague was responsible for the general and industrials market
at private equity group 3i, and worked on deals including a 60
million pound investment in data centre business Telecity