Management Due Diligence specialists, The Quinn Partnership has advised LDC on it’s investment in Mitrefinch, one of the UK’s leading developers of human capital management (HCM) software.

Mitrefinch, which is headquartered in York, provides an integrated suite of HCM software spanning time and attendance, rostering, HR and payroll. Its products are helping more than 3,500 organisations to reduce cost whilst improving efficiency and compliance. Customers include small and medium sized firms (SMEs), mid and large corporates, public bodies, charities and universities, with brands such as L’Oreal, Nestle, Amec Foster Wheeler, DFS, the Forestry Commission and the University of Leicester.

Following LDC’s investment, the firm plans to expand its nascent overseas business in Canada, the US and Australia, as well as developing new and existing relationships in its more established UK business.It also plans to commit significant investment to new product development to continue expanding and improving its suite of products, including its software as a service (SaaS) offering and its rostering product suite.

Debbie Guppy, CEO of Mitrefinch, said: “This is an important step for the business and an exciting time for our people and customers. From the outset, LDC saw the potential in the business and bought into our vision as a management team. Their approach, track record and sector expertise gave us the confidence they were the right long-term investment partner to help us deliver our ambition for the business – to be the leading provider of integrated, SaaS-based human capital management software in the market with a growing and global customer base.”

Richard Ibbett, Investment Director at LDC, said: “Debbie and the team have built an enviable market position for Mitrefinch, with a high-performing suite of integrated products and a loyal, fast-growing customer base. With significant additional capital to invest in the business, a high quality team and a clear growth strategy, it has a real opportunity to achieve a dominant position in a growing, consolidating and globalising marketplace.”

Paul Quinn, Director at The Quinn Partnership, said “Debbie and the team at Mitrefinch, have a tremendous opportunity to work with an engaged investor to deliver a successful plan”.