Private equity firm LDC (Managers) Ltd. has made an investment for a minority equity stake in Plimsoll Productions Ltd., a U.K.-based independent producer of television content.
The deal, which values Plimsoll at about £80 million, will allow the company to invest in its natural history and documentary divisions as well as further expand into the U.S. and new global markets.
Plimsoll founder and CEO Grant Mansfield, together with his management team, will continue to lead the production company following the deal.
LDC is the private equity arm of Lloyds Banking Group PLC.