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LDC backs management buyout of FC Business Intelligence

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LDC backs management buyout of FC Business Intelligence

Midmarket private equity firm LDC (Managers) Ltd. provided an undisclosed growth investment in conference and exhibition events company FC Business Intelligence Ltd. through a management buyout.

FC Business has its headquarters in London's Shoreditch district but operates worldwide. As part of the transaction, FC Business investment director David Andrews and Rob Schofield will join the company's board. Tim Trotter will also join as nonexecutive chairman, and former EMAP and Informa CEO David Gilbertson will join as a nonexecutive director.

Muzinich & Co. Ltd. and HSBC provided banking facilities in the transaction. Houlihan Lokey, Plural Strategy Group, Eversheds Sutherland and BDO advised LDC, while JEGI/CLARITY and CMS advised FC Business.