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LDC divests stake in procurement specialist Inprova

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LDC divests stake in procurement specialist Inprova

LDC, a U.K.-based midmarket private equity firm, exited its investment in Inprova Group Ltd.

Inprova's energy business Inprova Finance Ltd. was sold to Inspired Energy PLC in December 2018, while its non-energy procurement unit will be bought out by the existing management team.

Warrington, U.K.-based Inprova provides outsourcing, technology and consultancy services to private and public organizations in that country.

Dow Schofield Watts was corporate finance adviser to LDC and the shareholders, with Beyond serving as legal adviser.