Exit Planit Fusion

UK mid-market firm August Equity has made a partial exit of its investment in Planit Holdings through the sale of the company’s retail division Planit Fusion to 20-20 Technologies for £19m.

Planit Holdings is a developer of Computer Aided Manufacturing (CAM) software for the woodworking, cabinet-making, engineering and stone industries. It was listed on AIM prior to its acquisition by August in the firm’s first public to private deal in December 2006.

Fusion specialises in Computer Aided Design (CAD) solutions for the retail industry, is in line with the original MBO strategy, and allows Planit to focus solely on the fast growing CAM market.