LDC has backed the management buyout of rural vacation operator Forest Holidays.
Established in 2006 and headquartered in Moira in Derbyshire, Forest Holidays has 315 cabins set in seven Forestry Commission estates across the UK and is manned by 100 staff.
LDC is putting its money on a buoyant "staycation" market. According to data from the national tourism bureau VisitEngland, 2011 was the busiest year for Brits holidaying at home since they began recording data on 2006.
Expenditure on these domestic trips totalled £17.9bn in 2011, a 13 per cent year-on-year rise.
Forest Holidays has benefitted from this growth, adding more than 150 new cabins to its offering in the past two years, with 76 in the Forest of Dean, 19 in North Yorkshire and 65 in Sherwood Forest, which opened earlier this year.
The former chairman of Blackstone portfolio company and UK theme park operator The Tussauds Group, Peter Phillipson, has been made a non-executive chairman to help steer LDC's investment.