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Foresight exits Cimteq investment

Foresight, a listed regional private equity and infrastructure investment manager, has successfully realised its investment in Cimteq Ltd, a cable design and manufacturing software specialist, through a sale to UL Solutions. 

Foresight, a listed regional private equity and infrastructure investment manager, has successfully realised its investment in Cimteq Ltd, a cable design and manufacturing software specialist, through a sale to UL Solutions. 

Financial terms of the deal have not been disclosed.

This is  Foresight’s fifth exit from its maiden £58 million North West focused fund which forms part of its wider £1.3 billion AUM Private Equity portfolio.

Since Foresight’s investment in October 2018, Cimteq has more than doubled in size with staff numbers increasing from 18 to more than 40. This has enabled Cimteq to broaden its international reach. 

Alongside significantly increasing its research and development investment to ramp up its new product pipeline, Foresight bolstered the company’s senior management team. 

This exit follows Foresight’s other successful exits from Hedges Direct, Clubhouse Golf, DA Languages and Mi Healthcare. 
Foresight was advised by Carlsquare and law firm DLA Piper.

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