The investment will accelerate Kiron’s plans to capitalise on international opportunities following recent client wins in Europe, New Zealand and Canada as well as target under-penetrated sectors in the SME market.
The transaction was led by Investment Directors Jonathan Bell and Simon Braham LDC who will join Kirona’s board along with Computerland former Chairman and CEO Graham Gilbert, who will serve as non-executive chairman.
Kirona Group managing director David Murray said: "LDC is an ideal fit for us, given its strong track record of supporting growth strategies and international expansion opportunities combined with their deep understanding of the SME space."
LDC North West’s investment in Kirona represents its 13th transaction during 2011that brings equity commitment to UK SMEs to over £261m this year.
The equity firm has also invested £12m in live events and marketing agency WRG and its investment in musicMagpie.co.uk, the purchaser and multi-channel retailer of replay CDs, DVDs and games.
