YFM invests in Mangar

The fresh capital will be used to support the company's international expansion.
According to YFM, there will be 16 million more UK pensioners in 2037.

YFM was introduced to the company by corporate finance house Catteneo.

Debt
The transaction involved loan facilities and working capital from Yorkshire Bank.

Company
Headquartered in Presteigne, Wales, and with a sales office in Stockport, Mangar employs 56 people. Founded in 1981, the company reported a turnover of £6.3m last year.

Company founder David Garman invented the Mangar Bathlift, a powered, portable bath lift. Other products include a bathing cushion and lifting cushions. The company sells its products to care providers, local authorities, ambulance services and care homes through mobility retailers and its own website.

People
The transaction saw James Buckley join the company as non-executive chairman. The company's management team includes Andrew Barker, Roger Brereton and Colin Arnold.

Investment director Ian Waterfield led the deal for YFM.

Advisers
Equity – Catteneo, Charles Catteneo, Gary Hyem, Martyn Pilley (Corporate finance); Osborne Clarke, Matthew Lewis, Alison Johnson (Legal); Baker Tilly, Mark Pownall, Paul Johnson (Financial due diligence).
Management – Eversheds, Steven Hacking, Jamie Smith (Legal); ParisiTax, Lisa Stevenson (Tax).
Debt – Gateley, Andrew Madden (Legal).
Vendor – Grant Thornton, Chris Burgess, Mark Naughton, Alistair Wardell (Financial due diligence); Capital Law, Nicola McNeely (Legal).

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• Topics
• Buyouts
• UK / Ireland
• Healthcare
• YFM Group
• United Kingdom