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BGF ‘successfully’ exits investment in DriveWorks - Private Equity Wire

Summary by Private Equity Wire
BGF has exited its investment in DriveWorks, a provider of design automation and 3D sales product configuration software to manufacturing and engineering companies, generating a money multiple of 2.7x and an IRR of 32%. DriveWorks, co-founded by Glen Smith and Maria Sarkar in 2001, has been acquired by Bechtle AG, a €6bn revenue technology group headquartered in Neckarsulm, Germany. BGF originally invested £4m in DriveWorks in February 2021 to s…
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