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 leading European renewable energy independent power producer ERG on its acquisition of a 100% stake in a portfolio of seven operational onshore wind farms in Northern England from OnPath Energy Midco Limited, a subsidiary of OnPath Energy.
Multinational law firm Pinsent Masons has advised CSG Chemical Solutions (CSG) on their acquisition of Cork-based Celtic Water Care Solutions Limited (Celtic Water Care).
Multinational law firm Pinsent Masons has advised International Finance Corporation (IFC), a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets, on its landmark investment of €25 million in Groupe EDK, Senegal’s foremost retail and large-scale distribution operator.
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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