Lloyds Development Capital (Holdings) Limited (LDC), is a mid-market
private equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...
house and subsidiary of
Lloyds Banking Group
Lloyds Banking Group is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. It is one of the UK's largest financial services organisations, with 30 million customers and 65,000 employees. Lloyds Ban ...
, established in 1981 as Lloyds Development Capital Limited. From 1999 to 2011, it was known as Lloyds TSB Development Capital Limited.
Operations
In 1991, investment exceeded £30 million for the first time and in, 2001, LDC completed its 300th investment. By 2007, investment exceeded £300 million and it completed its 400th investment.
The company operates through the following UK subsidiaries, of which it has an interest in 100% of the issued share capital:
A subsidiary not registered in the United Kingdom, LDC (Asia) Limited, located in Hong Kong, was liquidated in 2015.
Assets
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NEC Group
The National Exhibition Centre (NEC) is an exhibition centre located in Marston Green, Solihull, West Midlands, England. It is near junction 6 of the M42 motorway, and is adjacent to Birmingham Airport and Birmingham International railway stati ...
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UK2 Group
See also
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Lloyds Associated Banking Company
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Agricultural Mortgage Corporation
External links
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Lloyds Banking Group
1981 establishments in England
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