LDC expands Yorkshire team

The in-house private equity arm of Lloyds Banking Group has appointed Joe Farren as an investment director as it sees its deal pipeline improving in the region.

Joe Farren
has joined 

LDC, the buyout arm of Lloyds Banking Group, has expanded its deal team in Yorkshire with the appointment of Joe Farren as an investment director. 

Farren has joined John Garner, Steve Harrison and Dale Alderson, who initially were the only three investment directors in the Yorkshire office.  

LDC decided to expand its team in the north east, as it has seen an improvement in the potential deal pipeline in the region, according to a spokesperson. 

Farren, who joined LDC this week, will be sourcing and structuring investments as well as supporting portfolio companies.   

Prior to LDC, Farren was head of UK and Ireland corporate development at Sheffield-based SIG, a European supplier of materials to the construction sector. During this eight year tenure, Farren managed the evaluation, execution and integration of 25 acquisitions and led a number of business growth initiatives. He has also been an assistant director in Ernst & Young’s Leeds office and worked at KPMG’s finance team in London. 

“The appointment further demonstrates our commitment to supporting the growth ambitions of the region’s high quality companies and maintaining our position as the UK’s leading mid-market investor,” John Garner, head of LDC in Yorkshire and the North East, said in a statement. 

LDC has made a number of investments so far this year. It has invested in claims management specialist Validus, oil and gas services provider Ramco, premium tonic water and mixers brand Fever Tree, and high security vehicle barrier systems manufacturer ATG Access. LDC also agreed to back the buyout of NRS Healthcare from listed multi-channel retailer Findel. In addition, the firm completed an exit of international aerospace engineering group, MB Aerospace.