Foresight generates 400% IRR on sale of Simulity to ARM

The sale price represents an IRR of around 400% and brings to an end a holding period of just eight months.

Foresight will receive up to £300,000 in additional deferred payments after 12 months, bringing the total value of its returns to £11.7m.

Since the GP first invested, Simulity has repositioned its business model to focus increasingly on software licensing, opened new offices in South Africa and India, and increased its headcount by 25%.

Foresight was invested in Simulity via its VCT fund.

Previous funding
Foresight made a £4m growth capital investment in Simulity in November 2016.

Company
Headquartered in Bangor and founded in 2009, Simulity develops Internet-of-Things software, focusing on server and device communications. The company has 45 clients.

People
Foresight Group – James Livingston (partner).
Simulity Labs – Stephane Fund (CEO).

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