Stephenson Harwood LLP has advised Bowmark Capital and Five Arrows Principal Investments on the completion of the sale of Autodata to Solera Holdings, Inc., for a consideration of approximately £340 million.
Bowmark Capital, the mid-market private equity firm, and Five Arrows Principal Investments, the private equity business of Rothschild Merchant Banking, acquired Autodata, a provider of technical information to the automotive aftermarket, in 2014. Under the ownership of Bowmark and Five Arrows Principal Investments, Autodata has significantly enhanced its content and technology platform, and expanded its customer base in Europe and Australia.
"We are pleased to continue our long standing relationship with Bowmark Capital, as well as Five Arrows Principal Investments," said Jonathan Pittal, partner, Stephenson Harwood. "Advising on this transaction was an excellent opportunity to demonstrate the depth and qualify of our private equity offering."
The Stephenson Harwood team which advised Bowmark and Five Arrows Principal Investments was led by partner Jonathan Pittal and included partner James Linforth, senior associate Daniel Margolis and associates Ciara Stratford.