LDC latest to buy into travel

Software play follows hot interest in the leisure sector from UK buyout firms in the last few years

Friday 30 May 2014 at 08:01

LDC, the private equity arm of Lloyds Banking Group, has bought a travel software business from London-listed Anite Group for £45 million, becoming the latest UK buyout firm to look to the leisure sector for deals.

In a statement on Friday, LDC said it had bought Anite Travel following a competitive process and would back the firm's current management, including managing director Mike Kingswood, in a buyout.