Bowmark picks up Autodata

The valuation is believed to be much higher than originally expected following strong interest from private equity groups. The company was sold through an auction process managed by Livingstone Partners.

According to the Telegraph, other interested parties included Montagu Private Equity, Inflexion, HgCapital, Francisco Partners, TA Associates and ECI Partners.

The fresh capital will be used to expand the company's product range and develop into new geographical markets. 

Company
Autodata was established in 1975 and provides technical information to automotive professionals. It details information systems, which cover technical information for cars and light commercial vehicles. It has information on more than 17,000 models from 80 vehicle manufacturers. Its systems ensure car manufacturing workshops have access to relevant and up-to-date information needed for service repair and diagnostic work.

The company is headquartered in Maidenhead and employs 190 people.

People
Julian Masters is partner at Bowmark. Javed Khan is co-managing partner of Five Arrows. 

Rod Willian is CEO of Autodata. 

Advisers
Company - Livingstone Partners, Richard Fetterman (Corporate finance).

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

• Topics
• Buyouts
• UK / Ireland
• Bowmark Capital LLP
• Montagu Private Equity
• Inflexion Private Equity
• HgCapital
• Francisco Partners
• TA Associates
• ECI Partners
• Rothschild