LDC-backed Independent Governance Group snaps up Like Minds

• Like Minds team will continue to operate independently as part of IGG’s portfolio
• Judith Groves, Like Minds’ MD will join the IGG team as a director
• LDC is the private equity arm of Lloyds Banking Group

Independent Governance Group (IGG), backed by LDC, has acquired Like Minds, a creative communications agency.

No financial details of the transaction have been disclosed.

Like Minds is based in London.

Like Minds team will continue to operate independently in the wider IGG portfolio.

Judith Groves, Like Minds’ MD will lead the company and join the IGG team as a director.

“Adding like minds to the group will enable IGG to further expand its services at a critical time for the industry,” said Phil Hinson, investment director at LDC. “Pension schemes are contending with complex economic conditions, making clear, accessible communications with employees and scheme members more important than ever.”

Like Minds’ addition will widen IGG’s offering to include the provision of similar services for both schemes and employers, according to a release.

LDC acquired IGG in February. LDC backed the merger of Ross Trustees Services and Independent Trustee Services to form IGG.

IGG is a provider of professional pensions trusteeship and governance services based in London.

LDC is the private equity arm of Lloyds Banking Group, headquartered in London. The firm has a UK-wide network of regional offices.