Bowmark backs software buyout

Mid-market UK private equity firm Bowmark Capital has sponsored a management buyout of DATIX, a London-based supplier of risk management and patient satefy software to the healthcare sector.

Bowmark has acquired a majority stake in the business. Royal Bank of Scotland provided a debt package to support the deal.

Founded in 1986, DATIX software is installed in more than 70% of National Health Service hospitals. Its products are also used by major healthcare providers worldwide. Over the last three years, DATIX’s revenues have increased by more than 20% per year.