Capital Economics, a London, UK-based independent macro-economic research company, received a minority investment from LDC in a £70m transaction.
The company will use the funds to accelerate its international growth and strengthen product offerings.
Established in 1999 and led by Executive Chairman Roger Bootle, Capital Economics provides global, regional and country research, including coverage of 56 emerging markets, and specialized analysis of financial markets, commodities and the consumer and property sectors, delivered across 23 different subscription services.
The company now delivers research to about 1,300 institutional clients in 70 countries and also undertakes commissioned research projects.
It currently has almost 100 employees, of whom about a half are economists working across offices in London, Toronto and Singapore.
Following the transaction, existing Capital Economics directors Jonathan Loynes and Julian Jessop will sit on the new board, along with Mark Harris as Finance Director. Peter Rigby (formerly Chief Executive of Informa) will join the company as a Non-executive Director and Chris Hurley, CEO, LDC and Chris Neale, Investment Director, LDC, will also join the board.
FinSMEs
27/10/2014