Lifco completed the acquisition of a minority stake in Cardel from LDC.

Lifco, a Sweden-based investment company engaged in acquisition and development of niche companies, ccompleted the acquisition of a minority stake in Cardel, a manufacturer of consumables and tooling used in platen lamination processes globally, from LDC, a mid-market private equity house and subsidiary of Lloyds Banking Group. Financial terms were not disclosed. “Cardel is a business that continues to be at the forefront of innovation, both within the card payment and secure documentation markets. It is a true market leader in this space and the ever-critical area of identity security, supplying technology that keeps people’s identity and assets safer. We know Marshall and his team will continue to lead this niche global market, and we wish them every success for the future,” Matt Newbold, LDC Investment Director.