LDC appoints advisers to sell ZyroFisher

Just 18 months after backing a management buyout, LDC, the private-equity arm of the Lloyds Banking Group, has appointed advisers to sell off the ZyroFisher business.

In a move that’s not unusual in these kinds of transactions, the news comes following a recent CI.N interview in which boss Mat Barker did indicate that the business was targeting a quick growth to become a £100 million business.

Zyro was merged with Fisher Outdoors to create the distribution giant only in April of 2016, creating a business with sales totaling £70 million.

KPMG has been appointed to advise on the process, reports PEN.

Both ZyroFisher and KPMG have declined to comment at this time, though the latter has confirmed it is working with the distributor.