YFM backs display firm MBO
YFM Equity Partners has supported the management buyout of a display fixtures business.
The deal to buy Displayplan from previous owner Leggett & Platt was led by Neil Campbell and Scott Morris.
Mary Broadhead, investment director at YFM Equity Partners, said: “Displayplan is a mature business with great potential to undertake transformational growth of the services and products it offers to its brand and retail customers across Europe.
“We look forward to supporting Neil, Scott and the team as they further develop the business.”
Displayplan employs 50 people at its Hertfordshire headquarters alongside operations in China, Germany and Holland providing products including point of purchase stands in high street stores.
Mr Campbell, previously president of Leggett & Platt Display Group, will become executive chairman of the company while Scott Morris will continue as managing director.
The Co-operative Bank provided senior term finance and banking facilities with GE Capital providing invoice discounting for the MBO. Eastwood Anglo Corporate Finance was the lead adviser to the management team.
Mr Morris said: “Neil and I are delighted that YFM Equity Partners, The Co-operative Bank and GE Capital are partnering with us as we develop and improve the products and services we offer our customers.”
Hill Dickinson’s Sheffield office advised YFM Equity Partners while Gateley’s Nottingham office advised the management team.
Due diligence advice was provided by BHP Corporate Finance.
