|
Almeida Capital is pleased to be a premier sponsor of AltAssets
|
FREE newsletter RSS
INTELLIGENCE
RECRUITMENT
KNOWLEDGE BANK
EVENTS
SECTOR ANALYSIS
HEDGE FUNDS
|
PRINT THIS PAGE AIM floatation puts YFM in the money29/06/2007. Source: AltAssets. 
 Following the floatation of Pressure Technologies plc on AIM, YFM Venture Finance will return eight and a half times their money to investors. Two funds, the Development Fund at South Yorkshire Investment Fund and the Yorkshire and Humber Equity Fund, both managed by YFM, will see a return of 125 per cent IRR.
Pressure Technologies plc is the parent company of Chesterfield Special Cylinders, the Sheffield business that designs, manufactures, tests and refurbishes a range of high pressure seamless cylinders. They supply global energy and defence markets and export 80 per cent of their products.
In August 2004 the Yorkshire and Humber Equity Fund invested in the original MBO led by John Hayward and four colleagues from its German parent company. This was followed by a further investment of capital from South Yorkshire Investment Fund and grant aid from Yorkshire Forward which enabled the firm to move their operation to the Don Valley and re-equip their business.
John Hayward, chief executive of Pressure Technologies said, ‘We are delighted the float has gone so well and we have achieved our funding requirements, giving us the financial platform to fund our aggressive growth and development objectives. The help from Mark and YFM Group in initially backing our MBO was invaluable in helping us get to where we are today.’
From ten regional offices the YFM Group manages £280m of funds for both institutional and retail clients. Investors include UK clearing banks, pension funds, private individuals, large corporates, the European Investment Fund and local, national and European governments combined with the Regional Development Agencies. Their team of 40 investment managers specialise in making investments with equity of up to £5m.
Copyright © 2007 AltAssets
|
 
|
|
|
