United Kingdom


  • Service: Advisory, Transactions & Restructuring, Corporate Finance
  • Industry: Automotive
  • Type: Press release
  • Date: 21/08/2014

KPMG assists in buyout of Clifford Thames Group by LDC 

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 ATHORISTM


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.”


Media enquiries:
Nahidur Rahman, KPMG Press Office
020 7694 8812 (t), 0788191 6975 (m) or nahidur.rahman@kpmg.co.uk  
KPMG Press Office: 020 7694 8773


About KPMG
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff.  The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.


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