YFM in management buyout from GLE
MANAGERS at YFM Equity Partners have bought the business from London-based parent, the GLE Group.
YFM Equity Partners was acquired by GLE, formerly Greater London Enterprise, in 2008 to enable the founding directors to retire from the business.
YFM is based in Leeds and has supported deals with Yorkshire firms including Naylor Industries, Connexion2 and PEGL.
The value of the deal announced today and the source of finance were not disclosed. YFM’s managing director David Hall said: “Being independent and owner-managed simplifies our business and gives us more time to invest and make good returns for our investors.
“We are passionate about investing in fast growing British businesses and we will continue this focus from our regional office network.”
GLE and YFM were both founded by local authorities in the 1980s seeking to finance economic development. YFM specialises in sub-£10m equity investments.
