The Duncan & Todd Group, the leading optical provider in Scotland, has secured a £15m investment from the Scottish office of LDC, the UK’s leading mid-market private equity investor, to accelerate its growth strategy. As part of the deal, Duncan & Todd’s existing backer, BGF, will exit its minority stake.

Founded in 1972, the business operates through three divisions – retail, manufacturing and corporate – and employs more than 250 people across its national branch network and at its state-of-the-art ophthalmic lens laboratory, Caledonian Optical in Aberdeen. It also provides outsourced corporate eye care services to more than 200 public and private sector customers, through its Smart Employee Eyecare brand.