Business Growth Fund (BGF) has exited its investment in Datum360, a connected data platform business based in Teesside, through a sale to Autodesk, Inc. Datum360, founded in 2009, specializes in facilitating engineering information and asset data access across multiple sectors. Autodesk’s acquisition is a strategic move to bolster its software offerings in various industries. BGF’s investment, initiated in November 2020, enabled Datum360 to scale its operations, resulting in a 5.9x money multiple return and an internal rate of return (IRR) exceeding 60%. Advisors for the transaction included Cavu Corporate Finance and Weightmans.

Private Equity, Software, Engineering and Construction,United Kingdom, United States, Asia-Pacific

BGF announces successful exit of Datum360, generating a 5.9x MM return