Keystone Law has advised the shareholders of Integrated Doorset Solutions Limited (IDSL), a leading performance doorset specialist, on its investment by Lloyds Development Capital (LDC), the private equity investor which is part of Lloyds Banking Group. The investment will help the company to target further organic growth and expand its reach in the market.

IDSL and its group companies manufacture, supply and maintain specialist performance doorsets, such as fire and security doors, for use in buildings including hospitals, schools, student accommodation, commercial, leisure and high-end residential properties. The business is based in Mansfield, Nottinghamshire, and operates two manufacturing facilities with 286 employees.

LDC is backing IDSL’s existing management team, headed by founder and Managing Director Ash Malhan as the business looks to continue its ongoing growth strategy.

Corporate partner Keith Gilbert led the multi-disciplinary team of Keystone lawyers, which included, amongst others, Corporate partner Andrew Bretherton, Corporate associate Sophie Welbourn, Corporate solicitor Simon Margesson, Banking & Finance partner Robert Spedding, Tax partner Paul McCourt, Employment partner David Jepps, Commercial solicitor Rupert Casey, Construction senior associate Andrew Thompson, Commercial Property partner Simon Massey, Pensions solicitor Monica Ma and trainee solicitor Mark Turner.

Ash Malhan, Managing Director of IDSL, said:

“We’re looking forward to working together with LDC to enhance different areas of the business as we begin the next stage of our journey.

“We are extremely grateful to the team at Keystone Law for their pragmatic and collaborative support and guidance throughout the process.”

Keith Gilbert said:

“It was a pleasure and privilege to work with Ash and the IDSL team on this exciting transaction and we look forward to following their continued success.”

Magma advised the shareholders of IDSL on the corporate finance and tax aspects of the transaction.

LDC was advised by BDO (corporate finance and commercial due diligence), Cortus (financial), Claritas (tax), Catalysis (management), Mactavish (insurance), BFG (commercial) and Browne Jacobson (legal).

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