October 20, 2016
Mergers and Acquisitions
Mitrefinch Receives Major Investment from LDC
We are pleased to announce that GCA acted as exclusive financial advisor to Mitrefinch, one of the United Kingdom's leading developers of human capital management (HCM) software, on its major investment from private equity firm LDC.
Mitrefinch provides an integrated suite of HCM software spanning time and attendance, scheduling, HR and payroll. Its products are helping more than 3,500 organizations to reduce cost while improving efficiency and compliance. Customers include SMEs, mid and large companies, public bodies, charities and universities, with brands including L’Oréal, Nestlé, Amec Foster Wheeler, DFS, the Forestry Commission and the Scottish Government.
Human capital management software is a $1.8bn global market that is estimated to be growing at more than 10 percent per annum. Following LDC’s investment, the firm plans to expand its nascent overseas business in Canada, the US and Australia, as well as developing new and existing relationships in its more established UK business. It also plans to commit significant investment to new product development to continue expanding and improving its suite of products, including its software as a service (SaaS) offering and its scheduling product suite.