LDC tucks into catering group deal
Date added:
23/12/2014
PRIVATE equity firm LDC has backed a £20m secondary buyout of Warrington-based catering firm Waterfall. The business operates the brands Caterplus, which supplies care homes and shelters, and Taylor Shaw, a schools supplier. The existing management, including chairman Vince Pearson, chief executive Jim Lovett and finance director Gabrielle Higham, will stay on.LDC has bought a minority stake held by YFM Equity Partners, venture capital trust Neptune-Calculus and Kaye Enterprises, since 2007 when they backed a management buyout....
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