Sector

Mitrefinch develops leading workforce management software, including time and attendance, HR, payroll and access control solutions.

Investment type
  • Management buyout
Investment

£20m

Exit type
  • Trade sale
Exit date

October 2020

Quote mark

The team at LDC has played a key role in championing our expansion over the last four years. LDC backed the leadership team here at Mitrefinch to deliver on our growth plans, and it’s been great to have them in our corner.”

Matthew Jenkins, CEO
Mitrefinch

LDC’s Value Creation Partners team also supported with Mitrefinch’s approach to product and service pricing.

Quote mark

The work by LDC’s Value Creation Partners has been excellent. You have given us a great foundation to re-launch our pricing strategy.”

Matthew Jenkins, CEO
Mitrefinch

During our four year partnership, the company’s revenues doubled to reach £24m and employee numbers grew by 64 per cent.

In October 2020, LDC agreed to sell its stake in Mitrefinch to Advanced, the UK’s third largest provider of business software and services.

Awards

Northern Tech Awards Top 100

2019