Advanced Acquires Mitrefinch from LDC

October 16, 2020

Advanced has acquired workforce management software specialist Mitrefinch from mid-market private equity firm LDC following a four-year partnership. Under LDC, Mitrefinch transformed into a SaaS business—doubling revenues to £24 million, growing headcount ~64%, and serving ~4,400 customers—while Advanced expects to integrate Mitrefinch’s workforce management capabilities into its cloud HR suite.

Buyers
Advanced
Targets
Mitrefinch
Sellers
LDC
Industry
Cloud & SaaS
Location
United Kingdom
Transaction Type
Buyout

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