Investment May 2014
Why we invested
Repair and maintenance information has become increasingly important due to the growing complexity of modern cars, increasing model proliferation and the introduction of new technologies. This was an opportunity to back the European market leader in executing an ambitious growth plan, based on the further development of its content and IT systems, and increased penetration of markets in Europe and beyond.
With Bowmark’s backing, Autodata significantly enhanced its content and technology platform, and expanded its customer base in Europe and Australia. It also made three strategic acquisitions in France, Sweden and Finland. In January 2017, Autodata was sold to Solera Holdings, Inc. for a consideration of £340 million.
Rod Williams,Chief Executive