UNQUOTE

UK - Foresight completes £12m BIMBO of Datapath

  • Ashley Wassall
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Foresight Group has backed the BIMBO of Datapath, suppliers of technology for large screen displays, in a deal which values the company at ТЃ12m.

Foresight invested £3m of equity in the deal while RBS-Natwest supplied a financing package. Datasight currently generates sales of nearly £10m and has an annual growth rate of over 30%. The deal was instigated by the the two founders of the business, Steve DeAth and Tony Jones, who will both remain in the company with key management roles.
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