Clearwater International has provided Debt Advisory services to Newco in the €25m secondary buyout of Kirona Solutions, backed by Living Bridge.
Kirona is a leading provider of Field Force Automation solutions, supporting more than 25,000 mobile workers across the globe. The firm’s offering enables its clients to automatically schedule jobs, improve productivity and streamline workflows by connecting clients, the office and mobile workforces more effectively.
More than 300 clients from both the public and private sectors benefit from Kirona’s fully end-to-end approach, which incorporates software and transformation services. The technology is offered through leading resellers and distributors including BT, Vodafone, Capita and Civica.
Founded in 2003, Kirona has since developed Mobile and Dynamic Scheduling solutions for the Housing, Government and Enterprise Field service markets. The investment by Living Bridge will support the business as it continues to enhance its product suite and further expand its services internationally.
The transaction was completed with support from Clearwater International, who provided Debt Advisory services. The team was led by partner Mark Taylor, supported by associate director Tom Barnwell and associate Oliver Wheatley.