Mark Henderson, Chris Jagger and Paul Reading have joined UK-focused lower mid-market firm LDC as investment directors. The trio will be responsible for sourcing and completing deals in the £2 million to £100 million equity range, the firm said.
Jagger joins from Australian sovereign wealth vehicle The Future Fund, where he worked as a director in the private equity group focusing on fund investments and co-investments globally. Prior to joining the Future Fund, he worked for GI Partners in London where he focused on healthcare investments. He will continue this healthcare specialisation at LDC, the firm said.
Henderson will focus on the cleantech sector, and joins LDC from Investec, where he was head of the power and renewable energy team.
Reading will cover several “core” sectors, according to the firm, and moves internally from LDC's 'Value Enhancement Group', its in-house operational improvement arm. Prior to joining LDC he was a director in Deloitte's operations and post-deal services team.
David Andrews completes the round of new hires, and joins from strategic consultancy Monitor Group. At Monitor, he conducted commercial due diligence and strategic reviews for clients across a range of sectors. He joins LDC as an investment manager.
LDC managing director Danial Sasaki said in a statement: “This year has been very active, and next year we expect to be even busier. We have target TMT, business outsourcing and healthcare as sectors where we expect to the find most businesses with the potential to outperform. True to our philosophy we have continued to invest through the cycle and our enhanced management team will help us capitalise better on investment opportunities going forward.”
The firm has deployed £256 million already this year across 12 deals, and has also realised six investments.