Lloyds TSB Development Capital (LDC) has bought a stake in specialist industrial gas and chemical supplier, A-Gas, for £70 million, The Wall Street Journal reports. The debt funding was provided by Lloyds Bank Corporate Markets, HSBC Holdings and Royal Bank of Scotland. Osborne Clarke has advised the private equity arm of Lloyds Banking Group on its acquisition of the stake. LDC’s funding will be used to boost the Bristol-based company’s presence in Asia-Pacific and the Americas and support the acquisition of complementary businesses.
Click here for the story from The Wall Street Journal.