KPMG Corporate Finance has announced today that it has acted for the shareholders on the £50 million management buy-out of Clifford Thames Group by LDC.
Clifford Thames Group is a global provider of IT systems for the automotive after-sales market with offices located in USA, Europe, and Asia Pacific. The group focuses on four key areas: Parts Cataloguing; Billing Services; Dealer Services and ATHORISTMTM.
LDC is a leading private equity group, managing a portfolio of over 80 companies which are collectively valued in excess of £2 billion.
Khush Purewal, Director at KPMG who led the transaction, stated: “The deal represents an excellent opportunity for Clifford Thames Group to accelerate its growth aspirations and develop the market leading products.”
Calvin Barnett, Group CEO, Clifford Thames Group added: “The new financial investment by LDC, alongside ongoing commitments from Octopus VCT, will accelerate the development of Clifford Thames and position the group for the future.”
Simon Heath, KPMG’s automotive M&A specialist, commented: “We are continuing to experience strong M&A demand for automotive sector companies. The investment by LDC is the second private equity investment KPMG has advised on recently, following Rubicon’s buy-out of Goodridge earlier this year, and demonstrates appetite from both financial investors, alongside UK and overseas corporates.”
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Nahidur Rahman, KPMG Press Office
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