Sector

Kirona is a leading provider of field force automation solutions.

Investment type
  • Management buyout
Exit type
  • Private equity sale
Exit date

April 2019

Exit value

£20m

Re-investment date

December 2014

Quote mark

LDC’s support has been unstinting.”

David Murray, CEO
Kirona

Achieving great success

Following the original investment, Kirona more than doubled its staff, trebled revenues, materially increased earnings and appointed a high quality Non-Executive Chairman to help continue to drive growth.

In 2014 we partially exited our investment in Kirona, through a £20m secondary buyout and the deal provided a 2.2x return for LDC.

In 2019 we sold our remaining stake in the business as part of a trade sale to Advanced, a provider of cloud-based enterprise resource planning software.

Quote mark

This has been a tremendous period of growth for our business and we see this continuing in the years ahead.”

David Murray, CEO
Kirona