Foresight exits digital display specialist
Foresight Group has sold Derby-based digital display specialist Datapath to a mystery buyer – with the deal delivering an 11.7x return on the PE firm’s original investment.
Datapath is headquartered in Chaddesden and operates globally, with offices in China, France, Japan and the US. It is a market leader in the design and development of video wall, multiscreen displays and control room solutions.
Foresight invested £3m in Datapath when the company underwent a £12m management buyout in 2007.
Its revenues have grown from approximately £7m to £25m under Foresight’s aegis.
Matt Smith, partner and co-head of private equity at Foresight, said: “Datapath is an impressive company and a true global market leader. Foresight has been a patient partner to Datapath over many years supporting management with their growth plans. We wish the Company and team every success for the future.”
Foresight made more than 90 investments in 2022 and is planning further expansion this year. The sale of Datapath is one of four successful exits it has completed over the last three months, with an average return of 5.7x.
