Latest News | 16 May 2024
Private equity investment opens the door to future growth
LDC has announced it has invested in a leading performance doorset specialist to help drive its organic and acquisitive growth.
The private equity investor, which is part of Lloyds Banking Group, has invested in Integrated Doorset Solutions Limited (IDSL) to partner with the management team and support its ongoing growth strategy.
The transaction will help the firm to target further organic growth and make acquisitions.
Founded in 2015, Integrated Doorset Solutions manufactures specialist performance doorsets, such as fire and security doors, for use in buildings including hospitals, schools, student accommodation, commercial and residential properties.
It operates two manufacturing facilities and has 286 employees.
LDC is backing IDSL’s existing management team, led by founder and managing director Ash Malhan.
The transaction was led by LDC’s team in the East Midlands, including partner and head of East Midlands and East of England David Bains, investment director John Green and investment manager Mikayil Salahov.
David said: “IDSL is a leader in providing performance doorsets that are critical to its customer base, and the regular inspections and maintenance that keep their users safe.
“Ash and the business’ management team are highly experienced and committed, and we’ve built a strong, longstanding relationship with them over the last few years.
“With the expertise of the team and the opportunities in the market to grow through making complementary acquisitions, there’s no reason IDSL can’t keep going from strength to strength.”
Ash said: “We were looking for a partner to help us continue on our current growth trajectory, as well as to identify and capitalise on new opportunities.
“LDC has a track record in helping businesses like ours to grow, a personal approach and a sizeable local presence.
“Along with being a customer of Lloyds Bank, we’ve known the team at LDC for years.
“We’re looking forward to working together to enhance different areas of the business as we begin the next stage of our journey.”