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 

Latest news

More
  • 24haymarket
  • 57stars
  • agathos
  • albion-captial
  • arete
  • bgf
  • capital-croissance
  • connection-capital
  • CRU
  • ECI
  • foresight
  • FPE
  • grafton-captial
  • gresham-house-ventures
  • growth-partner
  • guiness-ventures
  • maven
  • moneyplus
  • nvm
  • octopus-investments
  • octopus-ventures
  • penta-capital
  • riverside
  • rockpool
  • shawbrook
  • teradyne
  • total-capital-partners
  • turner
  • waterland
  • yfm

CLIENT FEEDBACK

  • 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 £14 Billion Fund

  • 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 investment firm with circa £4 billion of assets under management

  • We were highly impressed with their high-quality report, professionalism, and flexibility. Luminii were able to address our key questions and DD requirements against a tight deadline. They conducted a robust primary research programme, and we appreciated their 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.

    Pan European Mid-Market Private Equity Firm

  • It was great to work with the Luminii team who provided us with clear, focused and thorough commercial insight. Their work was hugely helpful in both assessing the investment opportunity and informing the key focus areas of the growth plan. We appreciated Tina, Ethan and Lushani's support throughout the process and look forward to working with them again.

    Leading private equity firm backing businesses in the UK and Ireland with £4.5bn+ Investment deployed

  • Luminii Consulting proved themselves to be a highly flexible and dedicated team who delivered a high quality CDD report in a complex tech sector. They were able to cover a wide scope across multiple geographies to a strict deadline and provided us with the required insight and strategic advice to make an informed decision. We appreciated their effort and enjoyed working with the Luminii team.

    Private equity and venture capital with £9.1bn worth of funds under management

  • Luminii delivered a comprehensive CDD report against a very tight deadline. The findings and advice presented were clear and insightful. The team conducted an impressive quantity of research across a number of end sectors and managed to profile a complex market structure in detail. One aspect that particularly stood out was quality of communication with findings being relayed very quickly and not delayed. We would be very happy to work with Luminii again.

    Mid- market private equity firm

  • We engaged Luminii to deliver Vendor Commercial Due Diligence support. From the outset, their team demonstrated a deep understanding of investor priorities, crafting a well-considered scope of work that addressed key industry dynamics and anticipated investor questions. They delivered a high quality VCDD that helped articulate our value proposition, clarify our market positioning, substantiate our competitive differentiation, and validate key assumptions in our business plan. The process was efficiently managed, with Luminii remaining highly responsive and open to feedback throughout. Their collaborative approach stood out, engaging seamlessly with all stakeholders involved, from our management team to the Corporate Finance Advisors, the exiting PE firm and potential bidders. Luminii proved to be a dependable partner, driven by a genuine passion to support us in our journey and their commitment to excellence. We look forward to continuing our relationship with them across future investment rounds, strategic growth initiatives, and value creation opportunities.

    CEO, Risk management and intelligence provider (Vendor Commercial Due Diligence)

  • Luminii’s clear, concise, and easy-to-digest reports have equipped our senior management team with the strategic clarity needed to make critical decisions. Their work has played a pivotal role in driving revenue growth and shaping our long-term strategic direction. Looking ahead, we are excited to embark on our fourth project with Luminii to assess global market opportunities and propel us into the next phase of growth. I highly recommend Luminii to any business seeking insightful, results-driven strategic and value-creation support.

    CEO of a 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!

    CEO, Global Freight Company

  • We were impressed with Luminii. You delivered what you promised, the information was useful and actionable, which is what we were looking for. In addition, you were responsive and timely, and the team liked the way you worked. Would I recommend you if someone called me? I definitely would, with an enthusiastic recommendation.

    Board of Directors of a global SaaS Company, UK

  • Luminii provided us with an excellent report which included comprehensive analysis of our market and business alongside clearly articulated actionable post-deal recommendations. The report has been utilised by management post-deal to help inform our 100-day plan as well as the company's wider strategic priorities. Furthermore, it was great to work with a team who were very collaborative and passionate about giving the best value to their clients.

    CEO, Leading Leisure Tech Provider