Isis reaps 2.4x on CSC sale

The deal generated a 2.4x return for the Baronsmead VCT vehicles, managed by Isis.

Previous investment
Isis supported the company's £20m management buyout in January 2008, with debt provided by Yorkshire Bank.

Over the five-year holding period, CSC has expanded into new geographical markets including the US, the Middle East, Africa and India.

Company
Based in Pudsey, West Yorkshire, CSC was established in 1975 as a subsidiary of a civil and engineering consultancy. The company became independent in 1987.

CSC develops software and provides technical support to structural engineers. The software is used for structural design calculations, general analysis and steel and concrete building design.

CSC's products include Tedds, Fastrak, Orion, Solve and Structural BIM. The company operates regional offices in Australia, Hong Kong, India, Malaysia, Singapore, South Africa, the UK and the US.

People
The deal was led by Pete Clarke and Amy Yateman-Smith on behalf of Isis. Mark Roberts is managing director of CSC.

Advisers
Vendor – Clearwater Corporate Finance, Carl Houghton (Corporate finance).

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