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


Re-investment date

December 2014

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LDC’s support has been unstinting.”

David Murray, CEO

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.

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

David Murray, CEO