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 SUSI Partners on its purchase of a 50MW battery storage project from German renewables developer ABO Wind in Kells, Northern Ireland.
Multinational law firm Pinsent Masons has launched a cyber security platform and behavioural assessment service aimed at measuring and improving information security processes and employee behaviours, in the wake of a surge of business cyberattacks.
Multinational law firm Pinsent Masons has recruited Ruby Khnom as TMT partner in London, where she will add significant strength to two of the firm’s key sectors- technology science & industry and financial services.
Multinational law firm Pinsent Masons has advised premium haircare brand Hairburst on its majority stake sale to sports giant JD Sports.
Multinational law firm Pinsent Masons has advised Turner & Townsend on the proposed £960 million sale of a 60% stake of its business to CBRE Group, Inc.
Multinational law firm Pinsent Masons has advised NEXA on its acquisition by Transcat Inc.
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