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Private equity house Bowmark Capital and the private equity fund of the Rothschild Group, Five Arrows Principal Investments, have acquired Autodata Publishing Group for a reported enterprise value of GBP143 million.
Livingstone advised the shareholders of Autodata on the transaction.
Autodata, founded in 1975 by Richard Atherton and Dietmar Otto, is headquartered in Maidenhead and employs approximately 190 staff.
The company is a provider of technical information to the automotive aftermarket, publishing technical information on 17,000 vehicle models from 80 manufacturers. Its products provide over 80,000 professional workshops with access to a suite of up-to-date technical data and guidance on cars, light commercial vehicles and motorcycles, enabling them to carry out service, repair and diagnostic work.
Richard Atherton, Autodata’s chairman and co-founder, says: “We chose Livingstone to look for a buyer who would provide the support needed for Autodata’s next stages of development. Livingstone handled the sales process with skill and a firm touch and provided both the shareholders and the management team with sensitive guidance throughout. We are delighted that Livingstone has achieved the twin goals that we set for them: a really pleasing financial result for the shareholders and a sound home for the company.”
Richard Fetterman, partner at Livingstone, says: “Autodata is a world class business and this was reflected in the huge amount of interest that we received from both strategic and financial acquirers. We are delighted to have concluded a sale to Bowmark and Five Arrows who we are sure will be good custodians of the business.”
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