THE management team at a Yorkshire manufacturer have bought the firm in a private equity-backed deal.

LDC has invested £10.5m in return for a "significant stake" in Dale Power Solutions which has been bought from listed business TT electronics.

TT electronics will receive £10m in cash in the deal which also sees debts of £4.7m cleared.

Chief executive Tim Wilkins led the MBO which will see Andy Lyd......for the full story register now for free or login below...