LDC completed the acquisition of a majority stake in Power Saving Solutions.

LDC, the private equity arm of Lloyds Banking Group specializing in providing growth capital to mid-market businesses, completed the acquisition of a majority stake in Power Saving Solutions, a battery power specialist focused on high-performance battery storage units and hybrid power systems for commercial use. Financial terms were not disclosed. "When choosing an investment partner, I was immediately impressed by LDC’s commitment to the transition to net zero, as demonstrated by their partnerships with other ESG-focused businesses. With LDC’s assistance we believe there is a fantastic opportunity to continue to grow and take advantage of increasing demand for our products and services," Andy Richardson, Power Saving Solutions CEO.