August Equity portfolio company Planit Holdings has disposed of its computer aided design (CAD) arm Fusion to 20-20 Technologies Inc for £19m. Fusion specialises in CAD solutions for the retail industry. The sale of Fusion is in line with the original MBO strategy, and allows Planit to focus solely on computer aided manufacturing in the metal sector.
Belgian GP plans to back the company, according to a document by the Dutch competition authority
Fresh capital will be used to accelerate Funnel's operations in the US and invest in its technical teams
MACSF co-invested with the GP in a spin-off from Vocalcom Group, an Apax France portfolio company
Marston is a judicial services group, which recovers funds on behalf of taxpayers and businesses