What's New In Investments, Funds? - YFM
Editorial Staff
14 June 2019
YFM Equity Partners
has held the first close of its Buy-Out-Fund II with £60 million ($76.2 million) of investment committed. This follows the £45 million raised for its Buy-Out Fund I, which had a final close in April 2017.
Buy-Out-Fund II will continue the investment strategy established by the first fund where typically YFM invests between £3 million to £7 million through its UK offices into businesses where there is a change of ownership and strong growth potential. The strategy for Buy-Out-Fund II will be to hold second and final closes before the end of 2019 and the fund will invest over a similar period to Buy-Out I, investing into 2022.
“We believe the market for these smaller businesses is less well served which has been demonstrated by the success of our Buy-Out Fund I, which is nearly fully deployed just two years after its final close. In addition, we realised one of our investments at the end of 2018, delivering a 4.2x return which shows there is real and tangible value in this market,” David Hall, managing partner, said.