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YFM Equity Partners delivers more than 3x return with sale of Group BC

20 April 2020

YFM Equity Partners delivers more than 3x return with sale of Group BC

YFM Equity Partners-advised funds have sold their shareholding in GroupBC to Bentley Systems Incorporated, a leading global provider of comprehensive software and digital twins services for advancing the design, construction, and operations of infrastructure, generating a return well in excess of 3x for its investors.

GroupBC is a leading provider of enterprise-scale information management systems for construction-related projects and asset owners. Its UK-hosted Common Data Environment makes it easy for teams to collaborate, manage and share documents and data from a central, secure cloud-based platform.

YFM has been supporting the transformational growth of UK SMEs since 1982. GroupBC was backed by British Smaller Companies VCT plc and British Smaller Companies VCT2 plc; both are advised by YFM. The exit has delivered a money multiple return well in excess of 3x for the investors.

Wes Simmons, CEO of GroupBC, commented: “GroupBC has scaled strongly since the YFM-backed MBO in 2014, breaking new ground with project and asset information solutions for the built environment. We worked closely with YFM, who were a hugely supportive partner, to invest in the sales and operational capabilities of the business and execute our strategy”.

Commenting on the realisation, James Savage, Partner at YFM stated: “We backed an ambitious management team in 2014 that has delivered on its plan to position GroupBC as a market-leader and innovator in asset information management systems. It has grown revenues and profits significantly and its customers now include some of the largest infrastructure projects in the UK. We are delighted to have delivered strong returns for our investors with this exit. It is an added bonus to support the GroupBC management team in its endorsement of Bentley Systems as an ideal strategic acquirer to support its colleagues and customers, and to further extend the value of GroupBC offerings into more comprehensive digital twin solutions.”

YFM and the management team were advised by KPMG Corporate Finance (Graham Pearce, Ben Taylor, Ekrem Shahin and Georgia Watt) and Gateley Legal (Rebecca Grisewood, Kate Richards, Poppy Ball).

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