Business Collaborator sold to YFM Equity Partners and Management


Clearwater Advisor

Press Release

Clearwater International has advised Business Collaborator on its sale to private equity house YFM Equity Partners and the Management Team.

Business Collaborator is a leading provider of Building Information Modelling (BIM) software tools, designed to ease the transition of asset construction and maintenance projects to an interactive paperless environment. The Reading-based SaaS business has over 16 years of experience and 160,000 users of its software worldwide.

The transaction sees Business Collaborator exit UNIT4, a Netherlands-based global software company with operations in 26 countries. Business Collaborator will retain a close relationship with UNIT4 who have agreed to resell Business Collaborator’s BIM solutions for an exclusive period of up to three years.

The investment from YFM will enable Business Collaborator to continue to expand its offering of Collaboration and BIM software tools and accelerate its Go To Market strategy. With 54% of construction professionals in 2014 using BIM systems, compared to 13% in 2011, the deal also offers Business Collaborator the potential to capitalise on this growing market.

Clearwater International partner Carl Houghton and associate director Andy Dyer advised Business Collaborator on the transaction.

“I’ve now completed nine software deals with Clearwater International, including a complicated carve-out from another global ERP software company – Sage – last year. So when it came to the opportunity to undertake this buyout of Business Collaborator from UNIT4 BV, Clearwater International was a very easy choice to make it happen.”

Richard Beaton, Chairman at Business Collaborator

“Whilst it has taken some time to mature, we are very bullish about the growth of quality BIM assets and we are delighted to help the team to carve out Business Collaborator from its corporate parent. We have seen a number of BIM-related software businesses go for strong valuations recently and private equity interest in the sector is at an all time high.”

Carl Houghton, Head of TMT at Clearwater International