LDC makes minority investment in Sedex

• LDC’s investment will support Sedex’s organic growth strategy to drive sustainability in supply chains globally
• Sedex is headquartered in London
• LDC is the private equity arm of Lloyds Banking Group, headquartered in London

LDC has made a minority investment in Sedex, a sustainability data and technology provider.

No financial details of the transaction were disclosed.

Sedex is headquartered in London. It employs over 200 people across offices in the UK, Australia, Chile, China, India and the US.

LDC’s investment will support Sedex’s organic growth strategy to drive sustainability in supply chains globally, according to a release.

“Sedex operates in a high growth market, with ESG monitoring and reporting requirements increasing exponentially for businesses of all sizes,” said Joe Tager, investment director at LDC in London. “Sedex’s longstanding experience in developing robust, site-level tools, including the world-renowned SMETA audit, make it perfectly positioned to help companies meet these sustainability-related demands, and embed responsible practices deeper into supply chains.”

Sedex will further invest in developing its platform, tools and professional services, leveraging the power of data and technology for its members’ benefit and fuelling its international expansion plans, the release added.

The transaction was led by Joe Tager, Dan Gluckman, investment manager and Francesca Speke, investment executive at LDC in London.

LDC will back the existing management team, with Tager, Toby Rougier, CEO at LDC, and David Murray joining Sedex’s board as non-executive directors. Steven Esom will continue as Sedex’s Chair.

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

LDC was advised by Investec (corporate finance) and DLA Piper (legal).