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New Deal


Announced

Completed

Advanced completed the acquisition of Mitrefinch from LDC.

Financials

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

Tags

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Acquisition

Friendly

United Kingdom

Majority

Completed

software solutions

payroll software

Private Equity

hr solutions

Software

Private

Domestic

Single Bidder

Synopsis

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Advanced Computer Software Group, a software solutions provider, completed the acquisition of Mitrefinch, a workforce management software company, from LDC, a private equity firm. Financial terms were not disclosed. “The innovative workforce management solutions developed by Mitrefinch are an exceptional fit with our existing best of breed Cloud HR solution. We’ve seen the impact of Covid-19 change the future of workforce management and shifting workforce expectations, leaving companies facing uncertainties with regards to resourcing and staffing. Digital technology provides accuracy of data to enable rapid decision-making in shifting market conditions which is a vital tool for companies managing shift patterns and measuring critical output,” Gordon Wilson, Advanced CEO.

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