YFM backs retail fixtures consultancy Displayplan MBO


London-based growth investor YFM Equity Partners has backed the management buy-out (MBO) of Displayplan, a display fixtures business, from Leggett & Platt UK.

YFM backed Displayplan through the firm’s two British Smaller Companies Venture Capital Trusts. Financial terms of the deal were not disclosed.

The Derby corporate banking centre of The Co-operative Bank provided senior term finance and full banking facilities for the deal.

The buy-out was jointly led by Neil Campbell, who has worked in the group since 1992 and will become executive chairman and Scott Morris who continues as managing director.

Founded in 1984, Displayplan is a retail display consultancy service that supplies products including point of purchase stands for high street retail stores. The company employs 50 people across its headquarters in Baldock, Hertfordshire and in China, Germany and Holland.

Mary Broadhead, an investment director at YFM, 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.”

Last month YFM also announced it had led a £4.5m financing round for Poweroasis, a business that supplies energy-efficient power to companies operating in the mobile phone sector.

Copyright © 2012 AltAssets