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New Deal


Announced

Completed

Advanced Computer Solutions completed the acquisition of Kirona from Livingbridge and Gresham.

Financials

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Transaction Value£55m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Completed

Software

United Kingdom

human resources software

Acquisition

Private Equity

Friendly

Private

Single Bidder

Synopsis

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Advanced Computer Solutions, a software provider specializing in delivering enterprise and market-focused solutions, completed the acquisition of Kirona, a workforce management, and resource scheduling software company from private equity firms Livingbridge and Gresham House Ventures. Financial terms were not disclosed. The acquisition further strengthens Advanced’s Enterprise Resource Planning offering by extending its Human Capital Management capabilities for the public, private and health & care organizations. “We are extremely proud of the business we have built based on innovation and strong customer delivery. The acquisition by Advanced is extremely complementary and represents a huge opportunity for us to combine our industry expertise and skills to drive significant growth,” David Murray, Kirona CEO.

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