LDC, which is part of Lloyds Banking Group, will take a “significant” minority shareholding in Iglu with the OTA’s management team led by founder and chief executive Richard Downs maintaining a majority stake in the business. Downs said: “We had a number of potential investors who all recognised our online expertise and great customer service, but we chose LDC because of their long-term investment approach and undoubted experience in the leisure sector. This will prove invaluable for our future development. “The LDC team particularly liked the fact that there is hardly a ski resort or cruise ship our sales consultants haven’t experienced first-hand. Our customers also recognise this, value the advice and, most important of all, keep coming back.” Get the full story at TTG Digital