02 Dec 2011 | 10:32 am |
International law firm Pinsent Masons has advised mid-market private equity firm LDC on its investment in the high-growth software business Kirona Group.
Cheshire based Kirona supplies software solutions which assist organisations to deploy their mobile staff more efficiently. Customers include MITIE and over 50 housing and property service firms. Kirona is looking to use the LDC investment to double in size. The deal is LDC’s thirteenth of the year and its third in the north west.
LDC investment director, Jonathan Bell commented, “Kirona benefits from positive market growth dynamics resulting from continued smart phone and handheld technology growth and combined with developments in mobile solutions which are taking employee productivity and efficiency to new levels.”
The Pinsent Masons team advising LDC was led by Corporate Partner Gregg Davison, assisted by Andrew Phillips and James Thompson. Commenting on the deal, Gregg Davison said: "We are delighted to have assisted LDC with its latest investment in the high tech industry. We wish David Murray and his team every success with Kirona and their new business partners LDC “
This is the third deal Pinsent Masons has advised LDC on this year, having advised on the investment in musicmagpie.co.uk and the £40m management buy-out of Learndirect earlier in the year.
Multinational law firm Pinsent Masons has advised Royal London Asset Management Property on its acquisition of Fradley Park, a major industrial estate in Lichfield, West Midlands, in a £197 million off-market transaction.
Multinational law firm Pinsent Masons in Paris advised La Banque Postale and Bpifrance in connection with the financing of the repowering of two wind farms (Marsanne and Grand Bois) owned by funds managed by Octopus Energy Generation, for an amount exceeding €83 million.
Multinational law firm Pinsent Masons has advised international cinema technology business INDY Cinema (INDY) on its acquisition by New York-based VERSANT, an industry-changing media and entertainment company.
Multinational law firm Pinsent Masons has advised international cinema technology business INDY Cinema (INDY) on its acquisition by New York-based VERSANT, an industry-changing media and entertainment company.
Multinational law firm Pinsent Masons has advised Southeast Asia-based clean energy developer Alba Renewables on its acquisition by a leading global investment firm.
Multinational law firm Pinsent Masons has advised Great British Energy (“GBE”), the National Wealth Fund (“NWF”) and the Scottish National Investment Bank (“SNIB”) on their acquisition of a stake in Pentland Offshore Wind Farm from Copenhagen Infrastructure Partners (“CIP”) and agreed to provide an aggregate investment of up to £150,000,000 in the project.
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