Luminii provides Commercial Due Diligence support to Imbiba on its investment in Pindrop Hearing

26 Mar 2026 /

Luminii are delighted to have provided Commercial Due Diligence (CDD) to Imbiba Growth LLP (Imbiba) on its recent investment in Pindrop Hearing Limited (Pindrop), a leading private clinical audiology business.

Founded by Dr Rony Ganguly, Pindrop Hearing has built an outstanding reputation for clinical excellence and patient-centred care. Since opening its flagship Harley Street clinic in 2017, the business has combined evidence-based audiology with exceptional service, developing strong referral relationships with GPs, ENT consultants and private medical networks.

Today, Pindrop operates three premium clinics across Harley Street, Chelsea and Winchmore Hill, providing advanced diagnostics, vestibular services and unbiased hearing aid provision across all major manufacturers. With their investment, Imbiba will support the next phase of growth, helping expand the clinic network across London and the South of England, whilst strengthening the clinical and operational team to support a multi-site platform.

Jonathan Gardner, former Managing Director of Boots Hearingcare, will join as Chairperson. Jonathan led the rapid scale-up of Boots Hearingcare from 100 to 500 rooms, during both the KKR and Walgreens ownerships.

He has since held CEO roles in multiple private equity-backed healthcare platforms, including KKR-backed businesses, bringing significant experience in roll-out strategy and value creation.

In addition to Jonathan, Imbiba’s Heidi Duckworth and Andrew Guest will join the board alongside Royston Guest, who has advised Pindrop on growth strategy for a number of years.

“Pindrop represents a truly premium clinical platform in a structurally growing market. Rony has built an outstanding reputation for clinical excellence and patient care. We believe there is a significant opportunity to roll out this model into other locations, delivering unbiased, customer-centric audiology services of the highest quality.” – Heidi Duckworth, Partner, Imbiba

“We have always focused on providing the highest standards of clinical audiology, centred around patient care and independence. Partnering with Imbiba allows us to accelerate our expansion, bringing our model to more communities while maintaining the standards that define Pindrop.” – Dr Rony Ganguly, Founder and CEO, Pindrop Hearing

"Luminii are delighted to have supported Imbiba on this transaction. This is yet another deal that helps to strengthen our credentials in the healthcare sector. We extend our best wishes to Imbiba and Pindrop for continued success in the future." – Lushani Kodituwakku, Managing Director, Luminii Consulting 

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  • We engaged Luminii for Commercial Due Diligence support on one of our recent investments and we were highly impressed with their high-quality report, professionalism, and flexibility. Luminii were able to address our key questions and due diligence requirements against a tight deadline. They conducted a robust primary research programme, consisting of referencing and surveys and we appreciated their timely updates throughout our engagement. Luminii's team is highly collaborative, showcased by how they worked with us as well as the Management team, other advisors, and our lenders, which we appreciated. We would not hesitate to recommend their services and look forward to working with them again in the future.

    Global Private Equity Firm with €20 Billion Assets Under Management

  • To date, the Luminii team have supported us on over 20 deals. They have consistently delivered high quality CDD reports, always against tight deadlines and to above expectation. They offer good value for money. Luminii are quick to understand our needs, offer sound advice and support on complex topics. Their ability to tailor the scope to our needs, focus on the core issues of each project and not being afraid to give their opinion backed by sound research and analysis is a great benefit to us. I would recommend their services without hesitation.

    Private Equity Firm with £4 billion Assets Under Management

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    Private Equity and Venture Capital Firm with £9.1bn Funds Under Management

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    Private Equity Firm with £4.5bn+ Assets Under Management

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    Luxury Product Manufacturer & Retailer

  • The Luminii team did an excellent job of covering the project objectives set & provided us with invaluable research & information that helped us with our business direction & decisions. They understood our business needs and were thorough, diligent, and offered sound advice. We have since progressed well with market entry & have moved forward with one of their contacts who is now running our office in the target market in Spain. We would certainly recommend them to other businesses looking for support!

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