YFM Equity makes Leengate Valves MBO first deal of 2013


Leengate valvesUK-based investment firm YFM Equity Partners has sealed its first deal of the year by backing the MBO of industrial valve business Leengate Valves.

Leengate generates almost £7m in annual turnover and employs 21 people to supply valves to the UK gas, water and industrial sectors.

David Bramwell, non-executive chairman of YFM portfolio company President Engineering, will join the business in the same role.

YFM investment director Mary Broadhead said, “Leengate Valves is a highly respected and trusted company with an experienced management team and a variety of long-standing customer relationships.

“With the help of David Bramwell, we look forward to using our experience in growing engineering and manufacturing businesses to help Steve, Mick and Leigh as they develop existing and new markets for its products and services.”

YFM became an independent business at the start of October 2013, four years after being acquired by GLE Group to enable the founding directors to retire.

Since then the firm has continued its focus of making equity investments of up to £10m in from its institutional and VCT funds.

YFM is currently in pre-fundraising mode for a £100m institutional fund and has also decided to raise £20m this tax year for its British Smaller Companies VCTs.

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