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LDC backs home delivery MBO

Shaking hands - Private equity firm LDC has backed the £17m management buyout of Panther Logistics - SantanderCB

Private equity firm LDC has backed the £17m management buyout of Panther Logistics, a two-man next-day home delivery provider with delivery depots in Leeds and Ossett. Panther, which is headquartered in Northampton, specialises in delivery services for brands and retailers including Dunelm, Silentnight and Bosch Siemens Group. Rob Schofield, investment director at LDC, said: 'Panther is a great example of the type of business we're keen to support. It has successfully positioned itself at the forefront of the fast-growing specialist delivery sector, capitalising on consumer trends that have seen delivery service come to the fore.' The buyout was led by managing director Colin McCarthy, alongside seven other members of the management team. As part of the deal, LDC has acquired a significant minority shareholding in the firm, enabling founder Wilson Barrett to retire. The transaction was led by LDC investment directors Rob Schofield and Victoria Marcer, who both join the board, and was supported by senior debt facilities from Santander's Structured Finance team in the Midlands.

 

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