Bowmark Capital, the mid-market private equity firm, has backed the buy-out of IWSR, a source of data and intelligence for the $1.5 trillion alcoholic beverage market, from FPE Capital. The terms of the transaction are not disclosed and the buy-out includes a re-investment by the IWSR management team..
IWSR’s database tracks consumption trends across 30,000 brands and 157 countries. The company has over 200 blue chip customers representing all the major market participants including producers, ingredient manufacturers, investment banks and consultancies. The company’s data and insights help its customers understand channel, distribution and sales trends in all their core markets.
In the just under three years of FPE’s ownership IWSR increased revenues by 110% and increased EBITDA by 160%. It is the first exit for FPE from its second, spin-out fund which closed in 2017. The company also recently completed the acquisition of Wine Intelligence, broadening its coverage of the wine sector.
Bowmark investment director Tom Elliott said: “We have tracked IWSR for several years and have been impressed by the evolution of the business under the leadership of Mark and his team. The business continues to capitalise on its unique position in a complex marketplace and has an exciting pipeline of new products to deliver additional value to its customers. We are delighted to be backing the company in its next stage of growth.”
Mark Meek, CEO of IWSR, commented: “I am delighted with the progress the business has made in the last few years. We are an ambitious team and are keen to work with Bowmark to continue to grow IWSR and expand the product portfolio and customer value proposition. As we got to know Bowmark, it became clear that they really understand our sector and can help us accelerate our growth.”