LDC (Managers) Ltd. acquired a majority stake in Instinctif Partners Ltd., a London-based global business communications consultancy.
The transaction represents an exit for Instinctif Partners' previous investor, private equity firm Vitruvian Partners LLP.
Instinctif Partners will use LDC's investment to further grow its business across international markets, as well as to recruit new talent.
Following the deal, LDC investment director Lawrence Dean will join Instinctif Partners' board as a nonexecutive director. Tim Trotter will become the company's nonexecutive chairman.
LDC is the private equity arm of Lloyds Banking Group PLC.
