TA acquires stake in Five Arrows-backed Datix

Under the joint ownership of Five Arrows and TA Associates, Datix aims to accelerate its growth trajectory, both organic and inorganic, and consolidate its position within the patient safety software sector and the healthcare governance, risk management and compliance software sub-segment.

Five Arrows, which is the private equity arm of Rothschild Merchant Banking, acquired Datix from Bowmark Capital in July 2013 via its Five Arrows Principal Investments fund, a €585m lower-mid-market buyout vehicle closed in 2010. The fund invests equity tickets between €20-60m in European companies with an enterprise value of €75-750m.

Company
Founded in 1986 and based in London, Datix is a developer of patient safety and risk management software for the healthcare sector. The company provides hospitals, care home managers and health care professionals with web-based patient safety software to assess risk and reduce adverse events, as well as expert advice, periodic health checks and data integration. 

Datix operates in the UK, North America, Australia and the Middle East. The company generated an operating profit of £3.9m on revenues of £10.25m in 2017 and employed 64 people.

Advisers
Company – Arma Partners (corporate finance).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• Buyouts
• UK / Ireland
• Technology
• Rothschild
• United Kingdom
• Bowmark Capital LLP
• Secondary buyout