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LDC sees off competition to strike exclusivity pact with Mitrefinch

LDC has seen off competition from mid-market rivals to reach a deal to acquire a stake in a software company whose clients include Nestlé and Blackburn Rovers.

Wednesday 28 September 2016 at 06:23

Deal comes amid increasing private equity interest in software providers
Deal comes amid increasing private equity interest in software providers

LDC has seen off competition from mid-market rivals to reach a deal to acquire a stake in a software company whose clients include Nestlé and Blackburn Rovers.

The Lloyds Bank-owned private equity firm has entered into an exclusive agreement to acquire a stake in Mitrefinch, according to people familiar with the matter.